§ Mr. SalmondTo ask the Chancellor of the Exchequer if he will publish a table, similar to table 13 on page 61 of the current edition of "Development of the Oil and Gas Resources of the United Kingdom", showing taxes and royalties attributable to United Kingdom and United Kingdom continental shelf oil and gas, at 1987–88 prices.
§ Mr. Lilley[holding answer 1 December 1987]: Information on 1987–88 price levels is not yet available so the figures on tax and royalty revenues attributable to United Kingdom and United Kingdom continental shelf oil and gas production have been converted to 1986–87 prices, using the GDP (market prices) deflator. The figures are as follows:
615W
£ million, 1986–87 prices Total revenues Royalty Supplementary petroleum duly Petroleum revenue tax1 Before ACT set-off Corporation tax ACT set-off Mainstream CT 1977–78 512 491 — — 21 — 21 1978–79 1,099 562 — 356 181 78 103 1979–80 3,850 1,045 — 2,388 416 130 286 1980–81 5,255 1,393 — 3,383 479 136 343 1981–82 8,296 1,784 2,588 3,054 870 345 525 1982–83 9,331 1,947 2,857 3,906 621 241 380 1983–84 10,034 2,172 — 6,862 1,000 490 510 1984–85 13,131 2,649 — 7,835 2,647 1,350 1,297 1985–86 11,681 2,118 — 6,565 2,998 1,112 1,886 1986–87 4,798 918 — 1,188 2,692 1,130 1,562 1 Including advance payments.