Legislation Day: Oil and Gas Measures
There were three measures announced today as part of the Government’s “legislation day” which are particularly relevant for oil and gas companies. The first two are aimed at companies operating
July 14, 2026
There were three measures announced today as part of the Government’s “legislation day” which are particularly relevant for oil and gas companies. The first two are aimed at companies operating
The Energy Profits Levy (EPL) rules have now been finalised, and the rules are contained in the Energy (Oil &
The Energy Profits Levy (EPL) draft legislation has now been published for consultation. The consultation period closes on 28 June
This afternoon the Chancellor announced the recently anticipated, following significant political pressure, tax rise on the profits of companies that
The Chancellor delivered the Spring Statement 2022 today. Despite the speculation and calls for a windfall tax there was no
In August 2020 we published a newsletter on a First-tier Tribunal (‘FTT’) case that considered whether an oil and gas
In our newsletter in July 2021, we summarised and commented on the potential changes to the taxation of profits for
In our newsletter last year we summarised and commented on the proposed rules for the notification of uncertain tax treatments.
The Chancellor delivered the Autumn Budget and Spending Review 2021 today. We set out below the key announcements that apply
The Government is moving ahead with the introduction of new rules which require “large” businesses to report uncertain tax treatments.