Policy paper

Oil and Gas Taxation qualifying decommissioning expenditure

This tax information and impact note is about qualifying decommissioning expenditure.

• From: HM Revenue & Customs
• Published: 3 March 2021

Documents

Oil and Gas Taxation qualifying decommissioning expenditure

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Details

This measure clarifies that certain expenditure incurred by oil and gas companies on decommissioning plant and machinery prior to the approval of an abandonment programme, qualifies for decommissioning tax relief.

Published 3 March 2021