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United Kingdom · Question · Written question

UIN 64217

Offshore Industry: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

17 October 2022

Last action

25 October 2022 · Answer

Status

Answered

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Subjects

Taxation

Source updated

25 October 2022

Taxation

Summary

To ask the Chancellor of the Exchequer, what recent estimate he has made of (a) the taxable profits of North Sea oil and gas companies and (b) Government tax revenues derived from North sea oil and gas companies in the Financial Years (i) 2022-3, (ii) 202

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Timeline

  1. 17 October 2022

    Written question

    To ask the Chancellor of the Exchequer, what recent estimate he has made of (a) the taxable profits of North Sea oil and gas companies and (b) Government tax revenues derived from North sea oil and gas companies in the Financial Years (i) 2022-3, (ii) 202

    Source: Commons

  2. 25 October 2022

    Answer

    HM Treasury does not produce estimates of profits of North Sea oil and gas companies. Forecasts for Government revenues from oil and gas production are provided by the Office for Budget Responsibility (OBR). Their most recent published forecast, provided ...

    Source: Written answer

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