Corporation tax treatment of the oil and gas industry

Part of Finance Bill – in the House of Commons at 8:00 pm on 5th September 2016.

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Photo of Rob Marris Rob Marris Labour, Wolverhampton South West 8:00 pm, 5th September 2016

I did hear the hon. Gentleman say that, and I also heard the hon. Lady say, when she was moving new clause 5, that she did not even realise that that was the case. Paradoxically for them, I support the new clause and I hope it is agreed to. It looks attractive to me because such a review could lead to a situation in which taxation on oil and gas is increased appropriately. We will not know until we have the evidence, so let us have the review.