Policy paper

Oil and gas taxation: minor amendments to onshore, cluster area and investment allowances

This tax information and impact note applies to oil and gas companies that operate in the UK or on the UK Continental Shelf (UKCS).



This measure will amend the onshore, cluster area, and investment allowances to update the conditions which disqualify expenditure, incurred on the acquisition of an asset in certain circumstances, from generating allowance. It will have effect for expenditure incurred on and after 16 March 2016.

Published 16 March 2016