The government has now released its consultation document on Decommissioning relief deeds – its proposal to address problems caused by uncertainty within the oil industry about the availability of future tax relief for decommissioning costs. There remains further work to be done to reconcile the dual aims of achieving certainty and protecting Treasury coffers.
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The government has now released its consultation document on Decommissioning relief deeds – its proposal to address problems caused by uncertainty within the oil industry about the availability of future tax relief for decommissioning costs. There remains further work to be done to reconcile the dual aims of achieving certainty and protecting Treasury coffers.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: