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United Kingdom · Question · Written question

UIN 208802

Offshore Industry:Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

9 September 2014

Last action

12 September 2014 · Answer

Status

Answered

Sponsors

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Subjects

Taxation

Source updated

12 September 2014

Taxation

Summary

To ask Mr Chancellor of the Exchequer, what the total cost of tax relief from the (a) petroleum revenue tax oil allowance, (b) petroleum revenue tax tariff receipts allowance and (c) Ring Fence Expenditure Supplement and (i) ultra-heavy oil field, (ii) ul

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Timeline

  1. 9 September 2014

    Written question

    To ask Mr Chancellor of the Exchequer, what the total cost of tax relief from the (a) petroleum revenue tax oil allowance, (b) petroleum revenue tax tariff receipts allowance and (c) Ring Fence Expenditure Supplement and (i) ultra-heavy oil field, (ii) ul

    Source: Commons

  2. 12 September 2014

    Answer

    HMRC publish historical estimates of the costs of tax expenditures and structural reliefs. The costs of PRT Oil Allowance and Tariff Receipts Allowance were featured in the latest release in April 2014 as follows:2012-13 2013-14Oil Allowance £95mn £80mnTa...

    Source: Written answer

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