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 Chancellor delivered the Autumn Statement 2023 today. We summarise below the announcements that were made on the specific rules
Court of Appeal decision published in the Royal Bank of Canada case In March 2022. we published a newsletter on
Companies that are members of multinational groups (“MNE”) with annual consolidated revenue of €750 million or more will be required
As reported in our Newsletter of 15 March, the increase in the rate of Energy Profits Levy (‘EPL’) to 35%
The Chancellor delivered Spring Budget 2023 today. There were two announcements on the specific rules that apply to UK upstream
The Chancellor delivered the Autumn Statement 2022 today. As expected the tax rate applicable to UK oil and gas profits
The judgement in a recent case (Gunfleet Sands Ltd and others v HMRC [2022] UKFTT 35 (TC)), concerning the costs
Today’s announcements by the Chancellor Kwasi Kwarteng did not contain any changes to the current corporate taxation rules specifically aimed
After nearly five years of being part of the Ince group, Phil Greatrex and Paul Rogerson have reacquired the CWE