Offshore Industry: Taxation
Commons · Question 29659 · Tabled 6 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Carla Denyer
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.
Answer
Answered by James Murray, 13 Feb 2025
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...