Policy paper

Investment Allowance for oil and gas companies

This Tax Information and Impact Note explains changes to the Investment Allowance and Cluster Area Allowance for oil and gas companies.

Documents

Details

In the Summer Budget 2015, the government announced that the meaning of investment expenditure would be extended for oil and gas companies claiming Investment and Cluster Area allowances.

Draft legislation: Investment Allowance for oil and gas companies for this measure has also been published.

Published 16 December 2015