§ Mr. Leeasked the Chancellor of the Exchequer what is the total tax revenue that has accrued so far from oil companies operating in the North Sea as a result of oil extraction; and what percentage this represents of total North Sea oil sales revenue accruing to the companies concerned.
§ Mr. Robert SheldonThe accrued revenue from petroleum revenue tax and corporation tax on North Sea Oil profits up to 30th June 1977 is expected to be relatively insignificant.