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UK Government provides certainty on decommissioning tax relief

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Report summary

Budget 2013 reiterated the UK Government's commitment to create certainty on the tax relief available on decommissioning spend. Before the end of 2013 it will sign the first contracts with industry to guarantee the rate of tax relief companies will receive. These guarantees are positive for the UKCS.

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Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • Decommissioning expenditure by year
  • Annual production pre and post deal on a UK field
  • Estimated decommissioning spend by year
  • Future UK decommissioning tax relief (top 20 companies)

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