To ask the Chancellor of the Exchequer, what assessment he has made of the tax reliefs offered to carbon intensive industries, including those companies drilling for oil and gas in the North Sea.
22 November 2021
HMRC have an annual tax reliefs statistics publication which is available to the public. The latest version of this was published in October 2020 and includes outturn cost estimates for tax reliefs for a five-year period up to and including 2019-20. This includes reliefs offered to carbon-intensive industries, including those companies drilling for oil and gas in the North Sea.
The Government keeps all taxes under review.