Guidance and regulation

The modified Corporation Tax rules for companies in the UK oil and gas industry including calculating the charge and payment deadlines.

• From: HM Revenue & Customs
• Updated: 31 July 2015

Find statutory market values for disposal of category 1 oil from a UK field, which has not been sold at arm's length.

• From: HM Revenue & Customs
• Updated: 18 April 2024

• Large Business (LB) Oil and Gas market values for category 1 crudes 2024

  January 2024 Date North Sea Reference Brent Ekofisk Flotta Forties…

• Large Business (LB) Oil and Gas market values for category 1 crudes 2023

  January 2023 Date North Sea Reference Brent Ekofisk Flotta Forties…

• Large Business (LB) Oil and Gas market values for category 1 crudes 2022

  January 2022 Date North Sea Reference Brent Ekofisk Flotta Forties…

• Large Business (LB) Oil and Gas market values for category 1 crudes 2021

  January 2021 Date North Sea Reference Brent Ekofisk Flotta Forties…

What Petroleum Revenue Tax is, how to work it out and when to submit a return to HMRC.

• From: HM Revenue & Customs
• Updated: 3 May 2023

How profits are treated from activities carried out in the UK territorial sea or designated areas and the effect of double taxation agreements.

• From: HM Revenue & Customs
• Updated: 14 January 2021

Find out how the supplementary charge is calculated on ring fence profits and when it must be paid.

• From: HM Revenue & Customs
• Updated: 20 July 2015

This HM Revenue and Customs manual sets out the law and practice for the oil and gas fiscal regime.

• From: HM Revenue & Customs
• Updated: 12 October 2014

You can send elections, notifications and returns to HM Revenue and Customs by email or electronically to the company’s Shared Workspace.

• From: HM Revenue & Customs
• Updated: 31 July 2015

This technical note clarifies certain aspects of the measure introduced at Autumn Statement 2016 to reduce administration costs for participators in the Petroleum Revenue Tax (PRT) regime.

• From: HM Revenue & Customs
• Updated: 23 November 2016

How to use Advance Pricing Agreements to resolve transfer pricing issues in oil and gas operations.

• From: HM Revenue & Customs
• Updated: 2 May 2023

The purpose of this technical note is to provide further background and information on the Autumn Budget 2017 announcement on tariff income.

• From: HM Revenue & Customs
• Updated: 1 December 2017

Check the availability and any issues affecting the Tied Oils Enquiry Service online service.

• From: HM Revenue & Customs
• Updated: 20 March 2024