§ Mr. Skeetasked the Secretary of State for Energy whether Government approval of development under the Petroleum (Production) Regulations 1976/1129 requiring investment in additional capital equipment for a variety of purposes has increased the total of allowances available to companies as a set-off against tax.
§ Mr. Joel BarnettI have been asked to reply.
No. The Government have not yet given consent to a development programme under these regulations.
§ Mr. Skeetasked the Secretary of State for Energy (1) whether the Government propose amending section 8 of the Oil Taxation Act 1975 relating to the oil allowance;
(2) whether it is the Government's intention to make amendments to the Oil Taxation Act 1975 retrospective.
§ Mr. Joel BarnettI have been asked to reply.
I would refer the hon. Member to the answer I gave to my hon. Friend the Member for Newham, North-West (Mr. Lewis) today.