Skip to main content

Petroleum Revenue Tax

Volume 982: debated on Thursday 17 April 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer how many companies are currently paying petroleum revenue tax on (a) oil profits and (b) gas profits at the latest date for which figures are available.

Five companies have paid petroleum revenue tax, which is a tax on the profits from winning both oil and gas.