Offshore Industry: Taxation

(asked on 11th May 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much tax has been paid by (a) oil and gas producers over the lifetime of the UK basin and (b) month in the last 12 months by oil and gas producers operating in the UK Continental Shelf.


Answered by
Helen Whately Portrait
Helen Whately
Minister of State (Department of Health and Social Care)
This question was answered on 18th May 2022

Government revenues received from North Sea oil and gas operators between 1968 to 1969 and 2020 to 2021 are presented in Table 2 of HM Revenue & Custom’s (HMRC) “Statistics of government revenues from UK oil and gas production” publication, available on GOV.UK.

https://www.gov.uk/government/statistics/government-revenues-from-uk-oil-and-gas-production--2

Data for 2021 to 2022 onwards can be found in the “HMRC tax receipts and National Insurance contributions for the UK” tables, also available on GOV.UK.

https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk

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