Written Question·Treasury·UIN 29661

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 (a) Equinor and (b) Ithaca have received (i) investment tax credit and (ii) ringfence expenditure supplement in connection to Rosebank oil field development in the period leading up to January 2025.

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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