Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much revenue accrued to the public purse from the export of crude and refined oil in 2018.

The UK’s oil and gas tax regime applies to the production of oil and gas in the UK and on the United Kingdom Continental Shelf. It comprises three elements, all of which are calculated on the basis of profits, similar to Corporation Tax.

Since the final consumption point of the product is not relevant for the tax calculation, HM Revenue and Customs (HMRC) does not collect this information from oil and gas producers. Therefore HMRC does not hold information on the revenue accrued from the exported oil and/or gas.

Statistics of Government revenues from UK Oil and Gas production are published annually on gov.uk website – a link to the most recent publication (July 2019) is provided below. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/818296/Statistics_of_government_revenues_from_UK_oil_and_gas_production_July_2019.pdf