Policy paper
UK oil and gas fiscal regime: new onshore allowance
UK oil and gas fiscal regime: new onshore allowance
Documents
Details
This Tax Information and Impact Note describes a new onshore allowance to reduce the amount of adjusted ring fence profits subject to the supplementary charge. The portion of profits reduced by the allowance will be dependent on a company’s capital spend on onshore oil and gas projects.
Updates to this page
Published 5 December 2013