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Insider UK
Insider UK
National
Neil Pooran & Peter A Walker

North Sea revenues ‘up to almost £8 billion’ this year

Tax revenues from North Sea oil and gas have increased to almost £8bn in the first nine months of this year.

Figures from the Aberdeen and Grampian Chamber of Commerce show the UK Government’s tax take has increased nearly seven-fold from the same period last year.

A windfall tax for the energy sector was introduced in May, which brought in a 25% surcharge on extraordinary profits from energy companies.

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