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North Sea Oil: Tax Revenue

Volume 417: debated on Tuesday 10 February 1981

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asked Her Majesty's Government:What estimates they make of the tax revenue from North Sea oil for the years 1981–82, 1982–83, 1983–84 and 1984–85 at present tax rates.

The most recent published estimates are those in the Treasury's July 1980 Economic Progress Report. These are:

£ billion at 1978–79 Prices