Policy paper
Ring Fence Corporation Tax: tariff receipts
This tax information and impact note deals with changes to the taxation of tariff income for petroleum licence holders in the UK and on the UK Continental Shelf announced at Autumn Budget 2017.
Documents
Details
Legislation will be introduced in Finance Bill 2017-18 to amend Section 291 of the Corporation Tax Act 2010 to include an additional definition of tariff receipts to include tariff income earned in respect of non-PRT fields.
Published 22 November 2017