§ Mr. Joel Barnett
Following are the figures for 1977–78:
Quarter ending £ million 30 June negligible 30 September 100 31 December 10 31 March 130 240
The forecast for the year 1978–79 is £550 million. It is not the practice to give a quarterly analysis of forecasts of revenue. All the figures relate to the combined yield from royalty petroleum revenue tax and corporation tax from North Sea oil and gas.