§ 36. Mr. Hardyasked the Chancellor of the Exchequer what is the total sum which he expects to receive in the current financial year from all offshore oil and gas taxation.
§ 37. Mr. Kilroy-Silkasked the Chancellor of the Exchequer what has been the tax revenue from North sea oil in 1982–83.
§ Mr. Ian StewartThe total tax take from the North sea in 1982–83—that is royalties, petroleum revenue tax (including advance payments), supplementary petroleum duty and ring fence corporation tax (before ACT setoff)—was £7.8 billion. It is estimated that the total North sea tax take in 1983–84 will be £9 billion.