Parliamentary Search

Written question asked by Peter Aldous (Conservative) on Wednesday, 11 May 2022, in the House of Commons. It was due for an answer on Monday, 16 May 2022. It was answered by Helen Whately (Conservative) on Wednesday, 18 May 2022 on behalf of the Treasury.

Offshore Industry: Taxation

Question

To ask the Chancellor of the Exchequer, how much tax has been paid by (a) oil and gas producers over the lifetime of the UK basin and (b) month in the last 12 months by oil and gas producers operating in the UK Continental Shelf.

Answer

Government revenues received from North Sea oil and gas operators between 1968 to 1969 and 2020 to 2021 are presented in Table 2 of HM Revenue & Custom’s (HMRC) “Statistics of government revenues from UK oil and gas production” publication, available on GOV.UK.

https://www.gov.uk/government/statistics/government-revenues-from-uk-oil-and-gas-production--2

Data for 2021 to 2022 onwards can be found in the “HMRC tax receipts and National Insurance contributions for the UK” tables, also available on GOV.UK.

https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk

Secondary information

Type
Written question
Reference
738
Session
2022-23
Subjects
Continental shelf Offshore industry Taxation
Contains statistics
Yes
Link
View this Written question on www.parliament.uk