Offshore Industry: Tax Allowances
Commons · Question 46622 · Tabled 17 Apr 2025 · Treasury · Official record
Answered 29 Apr 2025
Question
Asked by Gregory Stafford
To ask the Chancellor of the Exchequer, whether she plans to review the (a) subsidies and (b) tax reliefs available to (i) Rosebank, (ii) Jackdaw and (iii) other new oil and gas developments.
Answer
Answered by James Murray, 29 Apr 2025
The OBR’s most recent forecast of tax revenues from the oil and gas sector is available at the following link: https://obr.uk/efo/economic-and-fiscal-outlook-march-2025/. Similarly, where data is available, estimates of the cost of tax reliefs applicable ...