§ Mr. Skeetasked the Chancellor of the Exchequer what is the current yield of petroleum revenue tax, together with the estimated yield at 65 per cent. and 70 per cent.
§ Mr. Peter ReesThe yield of petroleum revenue tax in 1980–81 at various rates would be:
Petroleum revenue tax at £ million 60 per cent. 2,190 65 per cent. 2,370 70 per cent. 2,560
§ Mr. Skeetasked the Chancellor of the Exchequer, for fields above the tapering tranche of petroleum revenue tax, what is the Government take at the proposed new rate on each extra £ sterling of revenue.
§ Mr. Peter Rees87.4 per cent.