Offshore Industry: Tax Yields

(asked on 9th December 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what was the net amount received in tax from North Sea oil and gas operations in each of the past six financial years, accounting for rebates and subsidies.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 20th December 2021

Government revenues received from North Sea oil and gas operations, net of allowable deductions and tax reliefs, are presented in HM Revenue & Custom’s (HMRC) “Statistics of government revenues from UK oil and gas production” publication which is available on Gov.uk.

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