Guidance

Extractive Industries Transparency Initiative

Explains the Extractive Industries Transparency Initiative (EITI) and what oil, gas, quarrying and mining companies will need to do.

What is EITI

The Extractive Industries Transparency Initiative (EITI) is an international standard for openness around the management of revenues from natural resources. It is designed to improve accountability and public trust for the revenues paid and received for a country’s oil, gas and mineral resources.

It asks:

  • companies to publish what they pay for oil, gas, quarrying and mining
  • governments to disclose what they receive from oil, gas, quarrying and mining

These figures are audited by an independent administrator and published along with contextual information in the EITI report.

On 22 May 2013 the Prime Minister announced jointly with President Hollande that the UK and France will sign up to EITI. On 9 July 2013 we launched the UK’s implementation of EITI.

On 15 October 2014 at the International EITI meeting in Burma, the UK was successfully admitted as an EITI candidate country.

On 15 April 2016 the UK published its first EITI report, covering the 2014 reporting cycle.

The second EITI report was published on 31 March 2017. The road to full compliance starts in July 2018.

UK EITI Multi-Stakeholder Group (MSG)

The MSG meets every 2 months. See the EITI MSG page for more information.

Reporting process

The UK EITI MSG has appointed accountancy firm Moore Stephens to collect data for the UK’s EITI. The report is published annually.

View the templates for the 2017 reconciliation:

Companies are required to disclose specific payments or repayments at group level that total £86,000 or more.

Oil and gas companies

Oil and gas companies are asked to report the following payments for the 2017 calendar year:

  • Ring Fence Corporation Tax and supplementary charge
  • Petroleum Revenue Tax (including APRT)
  • petroleum licence fees
  • OGA levy
  • payments to The Crown Estates Commissioners and Crown Estates Scotland relating to UK extractive industries

Companies are also asked to provide information relating to individuals that have a material influence on the company through their shareholding in the company, including individuals with political influence. Read the guide on reporting on individuals with influence (PDF, 184KB, 5 pages) .

Mining and quarrying companies

Mining and quarrying companies are asked to report the following payments for the 2017 calendar year:

  • UK Corporation Tax
  • payments to the Coal Authority for licenses and royalties
  • payments to The Crown Estates Commissioners and Crown Estates Scotland relating to UK extractive activities
  • Section 106 (Town and Country Planning Act 1990) payments in England and similar payments elsewhere in the UK under equivalent legislation

Companies are also asked to provide information relating to individuals that have a material influence on the company through their shareholding in the company, including individuals with political influence. Read the guide on reporting on individuals with influence (PDF, 184KB, 5 pages) .

The deadline for completing and returning all forms for the 2017 exercise is Friday 29 June 2018. Moore Stephens will be contacting companies individually about the process.

There are 2 separate but complementary extractives transparency initiatives. Read more about the differences between EITI and Chapter 10 of the Accounting Directive (PDF, 40.9KB, 2 pages) .

Contact us

To contact Moore Stephens about completing reporting templates and reconciliation please email UKeiti@moorestephens.com.

For enquiries relating to UK implementation of the EITI, contact:

EITI Secretariat
Department for Business, Energy and Industrial Strategy (BEIS)
1st floor
1 Victoria Street
London
SW1H 0ET
United Kingdom

Email: michael.nash@beis.gov.uk

Mike Nash - 020 7215 1685

David Leitch - 0300 068 5713

Further information

For more information on EITI please visit the EITI website.

Published 23 May 2013
Last updated 30 April 2018 + show all updates
  1. Added guidance and reporting templates for the 2017 reconciliation.
  2. Letter to stakeholders about Chapter 10.
  3. Added guidance and reporting templates for the 2016 reconciliation.
  4. Change of contact details
  5. Added templates for the 2015 reconciliation and updated guidance for Oil and gas companies and mining and quarrying companies.
  6. Added information on the first EITI report, under 'what is EITI?', and updated section on 'the reporting process'.
  7. Updated 'How to report' section.
  8. Added additional guidance on reporting.
  9. Updated with final templates and waiver form.
  10. Added guidance for oil and gas companies and mining and dredging companies.
  11. Step by step guides added for oil and gas, and mining and quarrying.
  12. Added details of the workshops that Moore Stephens will be running for oil and gas companies.
  13. EITI process: The UK was accepted as a candidate country on the 15 October 2014.
  14. Added information about the UK being successfully admitted as an EITI candidate country.
  15. Details of the first meeting of the EITI multi stakeholder group added.
  16. Updated to reflect the launch of the UK's implementation of EITI.
  17. Details of EITI launch event on 9July 2013 added
  18. First published.