Written Question·Treasury·UIN 29660

North Sea Oil: Tax Allowances

Tabled: 6 February 2025
Answered: 13 February 2025

Question

Carla Denyer

Green PartyBristol Central

To ask the Chancellor of the Exchequer, whether her Department has budgeted for any (a) investment tax credit and (b) ringfenced expenditure supplement to be paid to (i) Equinor and (ii) Ithaca in connection to Rosebank oil field development after Februar

Answer

James Murray
It is a long-standing convention that the government does not discuss individual taxpayers, and so the government cannot discuss the amount of tax relief available to individual companies in relation to the oil and gas fields they may have a commercial in...

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