HC Deb 05 March 1975 vol 887 c441W
Mr. Skinner

asked the Chancellor of the Exchequer if he will introduce measures designed to prevent oil companies avoiding petroleum revenue tax by registering in the Channel Islands and other tax havens.

Mr. Robert Sheldon

The provisions of the Oil Taxation Bill ensure that the whole of the profits from winning North Sea oil are charged to petroleum revenue tax regardless of the place where the companies are registered.