§ Mr. Viggersasked the Chancellor of the Exchequer what was the percentge of total tax receipts derived from the taxation of North sea oil and gas in each of the last 10 years.
§ Mr. Wakeham[pursuant to his reply, 7 February 1983, c. 281]: The percentage of total tax receipts attributable to North Sea Oil and gas production is as follows: 320W
Less than 1976–77 and earlier ½ 1977–78 ½ 1978–79 1 1979–80 3 1980–81 4½ 1981–82 6 1982–83 (forecast) 7 Total tax receipts, as here defined include royalties, national insurance contributions and local authority rates.
North Sea taxes are royalties, supplementary petroleum duty, petroleum revenue tax and corporation tax attributable to North Sea oil and gas production—before any ACT set-off.