Policy papers and consultations

This tax information and impact note is about qualifying decommissioning expenditure.

• From: HM Revenue & Customs
• Updated: 3 March 2021

• Oil and Gas Taxation qualifying decommissioning expenditure

  Who is likely to be affected Oil and gas companies that operate in the UK…

This measure deals with transferable tax history in Corporation Tax rules and makes changes to decommissioning costs rules in Petroleum Revenue Tax.

• From: HM Revenue & Customs
• Updated: 7 November 2018

• Oil and gas taxation: transferable tax history and retention of decommissioning expenditure

  Who is likely to be affected Oil and gas companies that operate in the UK…

This legislation simplifies the process for opting out of the Petroleum Revenue Tax (PRT) regime.

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

• Petroleum Revenue Tax: cutting administration costs for the oil industry

  Who is likely to be affected Oil and gas companies that operate in the UK…

This tax information and impact note applies to oil and gas companies that operate in the UK or on the UK Continental Shelf.

• From: HM Revenue & Customs
• Updated: 16 March 2016

This technical note clarifies aspects of HM Revenue and Custom`s (HMRC`s) view of the legislation that provides tax relief for decommissioning expenditure.

• From: HM Revenue & Customs
• Updated: 16 March 2016

This Tax Information and Impact Note introduces a new investment allowance to reduce the amount of adjusted ring fence profits subject to the supplementary charge.

• From: HM Revenue & Customs
• Updated: 18 March 2015

UK oil and gas fiscal regime: new onshore allowance

• From: HM Revenue & Customs
• Updated: 5 December 2013

Programme of assurance visits to registered dealers in controlled oils and tied oils under the Class Approval Scheme.

• From: HM Revenue & Customs
• Updated: 17 January 2013