Petroleum Revenue Tax

  • UK Announces Tax Relief for North Sea Oil&Gas Industry

    UK Announces Tax Relief for North Sea Oil&Gas Industry

    Thursday, 17th March 2016
    UK Chancellor George Osborne has offered further tax relief for Britain’s oil and gas industry. The tax changes are expected to save the industry around $1.4b in the five financial years from 2016/2017 to 2020/2021.