The taxation of businesses operating in the UK's oil industry and the administration of the special tax regimes which apply.
The Large Business Oil and Gas Sector
The HM Revenue and Customs (HMRC) Large Business Oil and Gas Sector is responsible for the taxation of businesses operating in the UK’s oil industry and for the administration of the special tax regimes which apply to these businesses.
Guidance on taxation and the special tax regimes which apply
An introduction to how profits from oil and gas exploration and production from the UK and the UK’s Continental Shelf are taxed.
The tax on profits from oil and gas fields in the UK and on the UK’s Continental Shelf given consent before 16 March 1993.
The modified Corporation Tax regime to tax profits from all oil and gas fields in the UK and on the UK’s Continental Shelf.
The additional charge on ring fence profits adjusted for financing costs.
The tax regime for non-resident companies, individuals and partnerships working in the oil and gas industry fields in UK waters and on the UK’s Continental Shelf.
Details of the defined statutory market values for disposals of oil from a UK field sold other than at arm’s length.
Applications for Advance Pricing Agreements in the petroleum industry are made to the Large Business Oil & Gas Sector.
The consultation forum between HMRC and the industry that meets quarterly and publishes minutes of its meetings.