§ Mr. Kennedyasked the Chancellor of the Exchequer if he will list in the Official Report oilfields in respect of which advance petroleum revenue taxation is currently paid.
§ Mr. Norman LamontI cannot comment on the tax position of individual tax payers.
§ Mr. Kennedyasked the Chancellor of the Exchequer what representations he has received concerning possible early repayment of advance petroleum revenue tax; if he will assess the cost of any such proposal; and if he will make a statement.
§ Mr. Norman LamontSeven letters have been received, putting forward various different proposals for the early repayment of APRT. The cost would vary depending on the precise proposal made, but the first year cost would be substantial. A case has not yet been made out for a tax change, but I understand that further representations are being made.