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North Sea Oil

Volume 977: debated on Tuesday 29 January 1980

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asked the Chancellor of the Exchequer what is his current estimate of the revenue from petroleum revenue tax, corporation tax and royalties from North Sea oil in each of the financial years 1980 to 1985.

[pursuant to his reply, 28 January 1980]; It is not the practice to publish estimates of tax receipts in the coming year in anticipation of the Financial Statement and Budget Report nor, in view of the uncertainties involved, to give estimates for individual future years.