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HMRC internal manual

Oil Taxation Manual

HM Revenue & Customs
, see all updates

PRT: allowable field expenditure - measuring


Expenditure on metering equipment, whether offshore or at a UK terminal onshore (to which the oil or gas is delivered), is allowable under this heading.

Meters that only measure gas sold into the National Transmission System and which are not used to measure production will not qualify as they represent a downstream cost.