§ Mr. BattleTo ask the Chancellor of the Exchequer how much income the Government have received from North sea(a) oil and (b) gas exploitation for each year since 1979. [12480]
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§ Mr. JackTax revenues from oil and gas production were given in answer to the hon. Member for Warley, West (Mr. Spellar) on 12 December 1995,Official Report, columns 1053–54. Separate figures for revenues from oil and gas are not available because the main taxes concerned, corporation tax and petroleum revenue tax, are charged on aggregate company and field profits respectively. Royalties are also levied on each field's aggregate production. Many companies have interests in both oil and gas extraction and, in many fields, both products are extracted.