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United Kingdom · Question · Written question

UIN 29659

Offshore Industry: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

6 February 2025

Last action

13 February 2025 · Answer

Status

Answered

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Subjects

Taxation

Source updated

13 February 2025

Taxation

Summary

To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of new UK oil and gas extraction on (a) GDP and (b) tax receipts in each of the next five years.

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Timeline

  1. 6 February 2025

    Written question

    To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of new UK oil and gas extraction on (a) GDP and (b) tax receipts in each of the next five years.

    Source: Commons

  2. 13 February 2025

    Answer

    It is a long-standing convention that the government does not discuss individual taxpayers, and so the government cannot discuss the amount of tax relief available to individual companies in relation to the oil and gas fields they may have a commercial in...

    Source: Written answer

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