Written Question·Treasury·UIN 29659
Offshore Industry: Taxation
Tabled: 6 February 2025
Answered: 13 February 2025
Question
Carla Denyer
Green Party — Bristol Central
To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of new UK oil and gas extraction on (a) GDP and (b) tax receipts in each of the next five years.
Answer
James MurrayIt 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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