§ Mr. Ernie Rossasked the Chancellor of the Exchequer if he will list total revenue received by the Government from North Sea oil and gas from April 1979 to April 1980.
§ Mr. Peter Rees[pursuant to his reply, 8 December 1980]: The available figures for 1979–80 are:
£ million North Sea oil and gas revenues Royalties 628 Petroleum Revenue Tax 1,435 Corporation Tax 166 Other oil and gas revenues Value Added Tax (estimated) 425 Excise Duty 2,931 Total excluding non-North Sea Corporation Tax 5,585 I regret that comparable figures for corporation tax op activities related to oil outside the North Sea are not available.