Written Question·Treasury·UIN 67418
Offshore Industry: Taxation
Tabled: 14 July 2025
Answered: 22 July 2025
Question
Andrew Bowie
Conservative — West Aberdeenshire and Kincardine
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of taxation of the oil and gas sector on levels of future development in the North Sea.
Answer
James MurrayThe Government is taking a responsible and proportionate approach to managing the taxation of the North Sea which recognises the ongoing role of the oil and gas industry and workforce in our current energy mix while ensuring the sector contributes more to...
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