Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Tuesday, 26 April 2011. It occurred during Debate on bill on Finance (No. 3) Bill.
Finance (No. 3) Bill
As the hon. Lady knows, the price of gas has also been on an upward path. However, we have discussed the matter with representatives of the industry, including Centrica, which has raised it directly with me and with other Ministers. We said in the Budget that we were willing to consider extensions of the field allowance regime to provide breaks for particular fields in the event of particular problems, and we are doing that at the moment. Existing rules allow breaks for very deep oil wells and heavy oil, for example. The discussion continues. It is right for us to engage with the industry openly, in recognition of the issue raised by the hon. Lady.
Secondary information
- Type
- Proceeding contribution
- Reference
- 527 c70
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Alcoholic drinks Corporation tax Beer Air passenger duty Capital allowances Aggregates levy Environment protection Income tax Electricity generation Excise duties Fuels Economic growth Individual savings accounts Low incomes Northern Ireland Pensions Natural gas Nuclear power Business rates Prices Small businesses Tax allowances Tax avoidance Taxation Research Tobacco Science North Sea oil Carbon emissions Bank levy National employment savings trust scheme
- Legislation
- Finance (No. 3) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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