THE COMMISSIONERS FOR HIS MAJESTY’S REVENUE AND CUSTOMS v PERENCO UK LIMITED [2023] UKUT 00169 (TCC)
Upper Tribunal Tax and Chancery decision of Mrs Justice Bacon and Judge Mark Baldwin on 19 July 2023
PETROLEUM REVENUE TAX — Oil Taxation Act 1975 Schedule 3, paragraph 8—Expenditure by gas terminal owner on terminal modifications to comply with environmental regulations—Reimbursement by owners of oil fields using the services of the terminal of a pro rata share of that expenditure pursuant to contractual arrangements—Whether the expenditure was to that extent “met directly or indirectly” by a person other than the terminal owner—no—appeal dismissed
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