The government is consulting until 13 September 2013 on proposals for a shale gas site (or ‘pad’) tax allowance, which would exempt a portion of production income from the supplementary charge on ring-fence profits.
The government is consulting until 13 September 2013 on proposals for a shale gas site (or ‘pad’) tax allowance, which would exempt a portion of production income from the supplementary charge on ring-fence profits. The exemption would be applied to the proportion of capital expenditure qualifying for 100% first-year allowances. The ring-fence expenditure supplement for losses would be extended from six to ten accounting periods.
The government is consulting until 13 September 2013 on proposals for a shale gas site (or ‘pad’) tax allowance, which would exempt a portion of production income from the supplementary charge on ring-fence profits.
The government is consulting until 13 September 2013 on proposals for a shale gas site (or ‘pad’) tax allowance, which would exempt a portion of production income from the supplementary charge on ring-fence profits. The exemption would be applied to the proportion of capital expenditure qualifying for 100% first-year allowances. The ring-fence expenditure supplement for losses would be extended from six to ten accounting periods.
