Skip to main content

Oil And Gas Production (Taxation)

Volume 29: debated on Thursday 28 October 1982

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


asked the Chancellor of the Exchequer if he will make a statement on the current revenues arising from the taxation of oil and gas production from the United Kingdom continental shelf.

I refer the hon. Member to the estimate in table 23 of this year's Financial Statement and Budget Report that the total revenues from the North Sea, inclusive of royalties, supplementary petroleum duty, petroleum revenue tax and corporation tax before any ACT set-off will be £6,160 million for 1982–83.