UK government swoops on North Sea windfall profits
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Executive summary
- What has changed?
- Redistributing the windfall
- Which companies are most impacted?
- Industry reaction and the case for fiscal predictability
Tables and charts
This report includes 8 images and tables including:
- UK marginal petroleum tax rate 1975-2022
- UK petroleum tax rates and capital allowances
- UK government versus company share
- Transfer of cash flow from companies to government (2022/2023 fiscal year)
- Profit and tax breakdown current versus new
- Top producers: UK upstream in a global context
- UK capex committed to new projects by year versus tax rate
- Illustrative example of smooth sliding scale for a progressive tax rate
What's included
This report contains:
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