North Sea Oil: Tax Allowances
Commons · Question 29661 · Tabled 6 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Carla Denyer
To ask the Chancellor of the Exchequer, whether (a) Equinor and (b) Ithaca have received (i) investment tax credit and (ii) ringfence expenditure supplement in connection to Rosebank oil field development in the period leading up to January 2025.
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...