Mining: Taxation

(asked on 12th October 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what proportion of the annual UK tax revenue was paid by mining companies listed on the London Stock Exchange in each year since 1990.


Answered by
 Portrait
Jane Ellison
This question was answered on 21st October 2016

There are no taxes levied specifically on mining companies. This activity is subject to the UK's general taxation regimes such as VAT and Corporation Tax. However it is not possible to say how much revenue these taxes raise from mining companies, as the number of companies involved is below the Government’s threshold for disclosing tax liabilities.

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