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BP pays Britain $127 million in 2021 tax for North Sea production

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FILE PHOTO: An illuminated BP logo is seen at a petrol station in Gateshead, Britain September 23, 2021
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LONDON (Reuters) - BP paid $127.3 million in taxes and fees to the British government in 2021 for its oil and gas production in the North Sea, according to a company report.

The figure compares with a net tax refund of $42.3 million the previous year, according to figures released in BP's annual report on payments to governments.

The payments only relate to BP's upstream operations in the country and do not include other corporate taxes such as its retail business.

(The story refiles to fix typographical error in headline.)

(Reporting by Ron Bousso; Editing by Edmund Blair)

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