Taxation of North Sea oil and gas
This Library briefing gives an overview of how the profits from North Sea oil and gas production are taxed, and how the fiscal regime has been reformed in recent years.
A debate has been scheduled in Westminster Hall for 9.30am on 3 December on domestic production of critical minerals. The debate will be opened by Perran Moon MP.
In April 2024, the Library published a debate pack ahead of a debate on Supply of lithium and other critical minerals. The pack contains a useful overview of the issues. In addition, the attached documents include updated recent Parliamentary material and news items.
Since the April debate on Supply of lithium and other critical minerals there have been some industry updates, for example:
This Library briefing gives an overview of how the profits from North Sea oil and gas production are taxed, and how the fiscal regime has been reformed in recent years.
This briefing outlines the various financial support available across the UK for installing energy efficient measures, heating and renewable energy in homes.
There will be a Westminster Hall debate on Delivery of electricity grid upgrades on 26 November 2024. The debate will be opened by Sir Bernard Jenkin MP.