Written question asked by Bob Blizzard (Labour) on Thursday, 16 May 2002, in the House of Commons. It was due for an answer on Tuesday, 21 May 2002. It was answered by Baroness Primarolo (Labour) on Tuesday, 21 May 2002 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, if he will publish the analysis of the effect of changes in taxation of the oil and gas industry on (a) investment, (b) exploration and appraisal and (c) developments referred to in the oral statement by the honourable Member for Bolton West of 9th May, Official Report, column 362.

Answer: Mr. Blizzard: To ask the Chancellor of the Exchequer if he will publish the analysis of the effect of changes in taxation of the oil and gas industry on (a) investment, (b) exploration and appraisal and (c) developments referred to in the oral statement by the Economic Secretary of 9 May 2002, Official Report, column 362. [58008] Malcolm Bruce: To ask the Chancellor of the Exchequer what study he has made of the effect on the (a) timing and (b) number of North sea oil and gas projects of tax changes introduced in the Budget. [58164] Dawn Primarolo: A full analysis was made of reform's effect on investment. The Government examined the impact on all investment, exploration and appraisal development projects that had already commenced, probably and possible developments on new fields that had already been discovered, and incremental developments of fields already in production. Such information is commercially sensitive and it would be inappropriate to make it public, as provided for in exemption 13 of the Code of Practice on Access to Government Information.

Secondary information

Type: Written question
Reference: 58008; 386 c281W;386 c280-1W
Session: 2001-02
Subjects: Investment Industry Fossil fuels Exploration Oil Natural gas Taxation
Link: View this Written question on www.publications.parliament.uk