Petroleum Revenue Tax receipts by year
Petroleum Revenue Tax on oil and gas fields (net of repayments, so it can be negative).
-£443 million
-0.1%
HMRC records Petroleum Revenue Tax receipts of -£443 million in 2025 to 2026, -0.1% of all HMRC receipts that year. That compares with -£350 million in 2024 to 2025, a change of -26.6% in cash terms. The highest year in HMRC's table is 2008 to 2009, at £2.6 billion. Its share of total HMRC receipts ranged from -0.1% (2016 to 2017) to 0.6% (2008 to 2009).
Receipts by year
| Tax year | Receipts | Change on previous year | Share of HMRC receipts |
|---|---|---|---|
| 2025 to 2026 | -£443 million | -26.6% | -0.05% |
| 2024 to 2025 | -£350 million | +18.2% | -0.04% |
| 2023 to 2024 | -£428 million | -82.9% | -0.05% |
| 2022 to 2023 | -£234 million | +57.6% | -0.03% |
| 2021 to 2022 | -£552 million | -129.0% | -0.08% |
| 2020 to 2021 | -£241 million | +40.9% | -0.04% |
| 2019 to 2020 | -£408 million | +45.2% | -0.06% |
| 2018 to 2019 | -£744 million | -30.8% | -0.12% |
| 2017 to 2018 | -£569 million | +13.0% | -0.10% |
| 2016 to 2017 | -£654 million | -16.4% | -0.12% |
| 2015 to 2016 | -£562 million | -829.9% | -0.11% |
| 2014 to 2015 | £77 million | -93.1% | 0.01% |
| 2013 to 2014 | £1.1 billion | -35.6% | 0.23% |
| 2012 to 2013 | £1.7 billion | -14.5% | 0.37% |
| 2011 to 2012 | £2.0 billion | +39.4% | 0.43% |
| 2010 to 2011 | £1.5 billion | +58.0% | 0.32% |
| 2009 to 2010 | £923 million | -64.0% | 0.22% |
| 2008 to 2009 | £2.6 billion | +52.8% | 0.58% |
| 2007 to 2008 | £1.7 billion | -22.0% | 0.37% |
| 2006 to 2007 | £2.2 billion | 0.50% |
Source: HMRC receipts. About these figures · CSV
Sources and receipts
- HMRC tax receipts and National Insurance contributions for the UK: statistics table, HM Revenue and Customs.
File: NS_Table.ods. Read 2026-10-15. SHA-256
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