Capital allowance on plant ruling – Perenco UK Ltd
Capital allowances available on the full amount of plant purchased in connection with an interest in an oil field even though part was contracted to be on sold before ownership
July 30, 2026
Capital allowances available on the full amount of plant purchased in connection with an interest in an oil field even though part was contracted to be on sold before ownership
The Government is moving ahead with the introduction of new rules which require “large” businesses to report uncertain tax treatments.
The recent First-tier Tribunal case of Perenco UK Ltd v HMRC determined that payments made by the user field owners
On 1 July 2021, a statement providing a framework for reform of the international tax rules was published by the
On 7 May IASB published limited scope amendments to the application of the Initial recognition Exemption (IRE) to transactions which
The recent First-tier Tribunal (‘FTT’) decision in M Group Holdings Limited v HMRC is a salutary reminder that there are
HMRC published a summary of responses to the first consultation and opened a second consultation to invite further views on
The Finance Bill 2021 was published on 11 March 2021. We set out below our comments on the key provisions
The Chancellor delivered Budget 2021 today. We set out below the key announcements that apply to the oil and gas
The Government announced last week that the UK will now not implement the EU Mandatory reporting rules (‘DAC6’) in full.