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Oil And Gas (Tax Revenue)

Volume 13: debated on Thursday 26 November 1981

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asked the Chancellor of the Exchequer what is the total tax revenue received from United Kingdom oil and gas production field by field at the latest available date.

[pursuant to his reply, 25 November 1981, c. 375]: I cannot comment on the tax position of individual taxpayers. The total tax take—including royalties—from North Sea oil and gas production up to 31 March 1981 was £7.2 billion.