North Sea Oil: Tax Allowances
Commons · Question 29660 · Tabled 6 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Carla Denyer
To ask the Chancellor of the Exchequer, whether her Department has budgeted for any (a) investment tax credit and (b) ringfenced expenditure supplement to be paid to (i) Equinor and (ii) Ithaca in connection to Rosebank oil field development after Februar
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...