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
A new 25% tax on the UK upstream oil and gas industry is being introduced with effect from 26 May
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