Policy paper

Exploitation rights

This measure addresses the rights in relation to exploration and exploitation activities in the UK continental shelf.

• From: HM Revenue & Customs
• Published: 13 July 2026

Documents

Profits from exploration and exploitation rights

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Draft legislation

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Draft legislation (accessible version)

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Explanatory note

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Details

This measure helps UK double taxation agreements to work in a clear, consistent and internationally aligned way.

Making sure that profits from rights connected to the extraction of UK natural resources, held by businesses and individuals, can be taxed in the UK.

Published 13 July 2026