Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate his Department has made of the value of tax relief available for the development of the Rosebank oil field under the investment allowance; and if he will place a copy of that estimate in the Library of the House.
Estimates of the cost of tax reliefs available to oil and gas companies under the Ring-Fence Corporation Tax (RFCT) and the Supplementary Charge (SC) are published at https://www.gov.uk/government/collections/tax-relief-statistics.
These estimates do not separate out specific projects or taxpayers to protect taxpayer confidentiality.