In his Budget speech on 17 April 2002, the Chancellor of the Exchequer announced that the Government intends, subject to consultation on the appropriate timing, to abolish North Sea Royalty. DTI issued a consultation paper to interested parties (primarily, holders of petroleum production licences and their representative bodies).
The paper, Abolition of North Sea Royalty: Consultation on Appropriate Timing, is available for download in Adobe Acrobat PDF format by clicking on the above link.
The Government's response is available by clicking on the adjacent link.
For those without access to Adobe Acrobat Reader, hard copies of the consultation and response are available on request from Mike Earp at the address below.
Mike Earp
Department of Trade and Industry
Room 225
1 Victoria Street
London
SW1H 0ET
Tel: 020 7215 5271
Fax: 020 7215 5228
e-mail: Mike.Earp@dti.gsi.gov.uk
