Written Question·Treasury·UIN 46622
Offshore Industry: Tax Allowances
Tabled: 17 April 2025
Answered: 29 April 2025
Question
Gregory Stafford
Conservative — Farnham and Bordon
To ask the Chancellor of the Exchequer, whether she plans to review the (a) subsidies and (b) tax reliefs available to (i) Rosebank, (ii) Jackdaw and (iii) other new oil and gas developments.
Answer
James MurrayThe OBR’s most recent forecast of tax revenues from the oil and gas sector is available at the following link: https://obr.uk/efo/economic-and-fiscal-outlook-march-2025/. Similarly, where data is available, estimates of the cost of tax reliefs applicable ...
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