§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what estimate he has made of the revenue yield for the next five financial years of abolishing petroleum revenue tax oil allowance. [146253]
§ Dawn PrimaroloThe information requested is not available, but the tax cost of oil allowance for 2000 is given in the November 2000 "Tax Ready Reckoner and Tax Reliefs", and in "Inland Revenue Statistics 2000", copies of which are available in the Library. The cost of oil allowance in future years will depend upon future levels of oil and gas prices and production.