HC Deb 23 June 1981 vol 7 c61W
Mr. Foulkes

asked the Chancellor of the Exchequer (1) if he will give figures for the United Kingdom's tax take to date in the North Sea for the United Kingdom continental shelf oil and gas production as a percentage of (a) gross turnover of oil and gas and (b) profits recorded by the operating company;

(2) if he will provide, in respect of oil and gas takes for the United Kingdom continental shelf, estimates for (a) the tax take in 1981–82 as a percentage of gross turnover, (b) the tax take for the period 1982 to 1985 as a percentage of gross turnover, (c) the tax take for the period 1981–82 as a percentage of estimated profits and (d) the tax take for the period 1982 to 1985 as a percentage of estimated profits;

(3) if, in the light of recent changes in the oil price, he will take steps to improve the corporation tax revenues from offshore supply work in the North Sea under section 38 of the Finance Act 1973.

Mr. Peter Rees

I shall let the hon. Member have replies as soon as possible.