Offshore Industry: Tax Allowances

Summary

To ask the Chancellor of the Exchequer, what was the number of claimants of decommissioning expenditure tax relief from the Petroleum Revenue Tax in each financial year from 2018-19 to 2022-23.

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Timeline

1. 5 January 2024

   Written question

   To ask the Chancellor of the Exchequer, what was the number of claimants of decommissioning expenditure tax relief from the Petroleum Revenue Tax in each financial year from 2018-19 to 2022-23.

   Source: Commons

2. 10 January 2024

   Answer

   Estimates of the cost of tax reliefs used by oil and gas companies under the Ring Fence Corporation Tax (RFCT) and Petroleum Revenue Tax (PRT) regimes, including the costs of RFCT and PRT decommissioning tax reliefs, are published at tax relief statistics...

   Source: Written answer

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• · Treasury · Answering body

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