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Oil and Gas Companies

Derek Leith, Head of Oil Taxation, Ernst & Young, describes the changes to the taxation regime for oil and gas companies in the Pre-Budget Report

 
Derek Leith Head of Oil Taxation Ernst & Young describes the changes to the taxation regime for oil and gas companies in the Pre-Budget Report
 
In his Pre-Budget Report (PBR) on 5 December 2005 the Chancellor announced changes to the taxation regime for oil and gas companies operating in the North Sea. Although not altogether unexpected the changes are certainly unwelcome and given the relative maturity of the province may have serious long-term consequences. However it is not the purpose of this article to...

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