Data on the United Kingdom's North Sea revenue from 2008/09 to 2020/21 shows that in 2019/20, North Sea revenue was 414 million British pounds. North Sea revenue refers to revenues from petroleum revenue tax, corporation tax and license fees from all offshore oil and gas activity on the North Sea.
Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2020/21
(in million GBP)
* North Sea revenue includes revenue derived from petroleum revenue tax, corporation tax and licence fees. The source adds the following information: "North Sea revenue is subject to annual fluctuations and is driven by a number of factors, including the oil price, the sterling dollar exchange rate, production, operating expenditure, capital investment, and the prevailing fiscal regime.
Figures for the years 2010/11 and before were taken from earlier publications.
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Scottish Government. (August 18, 2021). Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2020/21 (in million GBP) [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government. "Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2020/21 (in million GBP)." Chart. August 18, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government. (2021). Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2020/21 (in million GBP). Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government. "Annual Government Revenues from Offshore Oil and Gas Activity on The North Sea in The United Kingdom from 2008/09 to 2020/21 (in Million Gbp)." Statista, Statista Inc., 18 Aug 2021, https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government, Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2020/21 (in million GBP) Statista, https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/ (last visited May 17, 2022)
