Cookies on GOV.UK

We use some essential cookies to make this website work.

We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

We also use cookies set by other sites to help us deliver content from their services.

You have accepted additional cookies. You can change your cookie settings at any time.

You have rejected additional cookies. You can change your cookie settings at any time.

View cookies
Skip to main content
GOV.UK

Navigation menu

Menu
Search GOV.UK

Services and information

  • Benefits
  • Births, death, marriages and care
  • Business and self-employed
  • Childcare and parenting
  • Citizenship and living in the UK
  • Crime, justice and the law
  • Disabled people
  • Driving and transport
  • Education and learning
  • Employing people
  • Environment and countryside
  • Housing and local services
  • Money and tax
  • Passports, travel and living abroad
  • Visas and immigration
  • Working, jobs and pensions

Government activity

  • Departments

    Departments, agencies and public bodies

  • News

    News stories, speeches, letters and notices

  • Guidance and regulation

    Detailed guidance, regulations and rules

  • Research and statistics

    Reports, analysis and official statistics

  • Policy papers and consultations

    Consultations and strategy

  • Transparency

    Data, Freedom of Information releases and corporate reports

Search

    When search suggestions are available use up and down arrows to review and enter to select. Touch device users, explore by touch or with swipe gestures.

    Beta This part of GOV.UK is being rebuilt – find out what beta means

    1. Home
    2. Environment
    3. Energy infrastructure
    4. Oil, gas and coal
    HMRC internal manual

    Oil Taxation Manual

    From:
    HM Revenue & Customs
    Published
    13 March 2016
    Updated:
    16 January 2025 - See all updates
    1. Back to contents

    OT20200 - Corporation tax general: contents

    1. OT20201
      Background
    2. OT20202
      Overview of the Main Types of Costs Incurred in Oil Exploration and Production: Introduction
    3. OT20203
      Overview of the Main Types of Costs Incurred in Oil Exploration and Production: Exploration
    4. OT20204
      Overview of the Main Types of Costs Incurred in Oil Exploration and Production: Production
    5. OT20205
      Overview of the Main Types of Costs Incurred in Oil Exploration and Production: Decommissioning and Abandonment
    6. OT20206
      Payments under Licences.
    7. OT20250
      Commencement of trade
    8. OT20251
      World-wide Activities
    9. OT20252
      Sale of a small quantity of oil
    10. OT20254
      Link with mining
    11. OT20255
      Cessation of trade
    12. OT20300
      Take or Pay Gas Sales Contracts
    13. OT20310
      Intangible fixed assets – Oil licences
    14. OT20315
      Intangible fixed assets – Oil Licences – Exclusion from the scheme
    15. OT20400
      EU Emissions trading scheme - Introduction
    16. OT20405
      EU Emissions trading scheme - Phase I
    17. OT20410
      EU Emissions trading scheme - Phase II
    18. OT20415
      EU Emissions trading scheme - Phases III and IV
    Previous page
    Next page

    Is this page useful?

    • Maybe
    Thank you for your feedback

    Help us improve GOV.UK

    Don’t include personal or financial information like your National Insurance number or credit card details.

    Help us improve GOV.UK

    To help us improve GOV.UK, we’d like to know more about your visit today. Please fill in this survey (opens in a new tab).

    Services and information

    • Benefits
    • Births, death, marriages and care
    • Business and self-employed
    • Childcare and parenting
    • Citizenship and living in the UK
    • Crime, justice and the law
    • Disabled people
    • Driving and transport
    • Education and learning
    • Employing people
    • Environment and countryside
    • Housing and local services
    • Money and tax
    • Passports, travel and living abroad
    • Visas and immigration
    • Working, jobs and pensions

    Government activity

    • Departments
    • News
    • Guidance and regulation
    • Research and statistics
    • Policy papers and consultations
    • Transparency
    • How government works
    • Get involved

    Support links

    • Help
    • Privacy
    • Cookies
    • Accessibility statement
    • Contact
    • Terms and conditions
    • Rhestr o Wasanaethau Cymraeg
    • Government Digital Service
    All content is available under the Open Government Licence v3.0, except where otherwise stated
    © Crown copyright