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Offshore Industry: Taxation

Question for Treasury

UIN 738, tabled on 11 May 2022

To ask the Chancellor of the Exchequer, how much tax has been paid by (a) oil and gas producers over the lifetime of the UK basin and (b) month in the last 12 months by oil and gas producers operating in the UK Continental Shelf.

Answered on

18 May 2022

Government revenues received from North Sea oil and gas operators between 1968 to 1969 and 2020 to 2021 are presented in Table 2 of HM Revenue & Custom’s (HMRC) “Statistics of government revenues from UK oil and gas production” publication, available on GOV.UK.

Data for 2021 to 2022 onwards can be found in the “HMRC tax receipts and National Insurance contributions for the UK” tables, also available on GOV.UK.

Answered by