Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will estimate the contribution of UK continental shelf oil and gas to the annual tax yield.
The tax revenues (Offshore Corporation Tax and Petroleum Revenue Tax) arising from the production and extraction of North Sea oil and gas from the UK and UK Continental Shelf are presented in HM Revenue and Customs receipts publication (latest version December 2016), which is available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/584766/Dec16_Receipts_Table_Final.xlsx