Offshore Industry: Taxation

(asked on 3rd September 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the cost to the public purse has been of (a) subsidies and (b) reductions in tax for North Sea oil and gas companies in the last three years


Answered by
Robert Jenrick Portrait
Robert Jenrick
This question was answered on 11th September 2018

There are no subsidies available to North Sea oil and gas companies.

Estimates of the reduction in taxes paid by North Sea companies due to changes to the tax regime are available from the policy costings documents published alongside each fiscal event on the gov.uk website.

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