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Oil and gas taxation: decommissioning relief deeds

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The government has confirmed that no decommissioning relief agreements were signed in the 2015/16 financial year. A total of 76 deeds have been entered into since October 2013. These deeds represent a contractual approach to provide oil and gas companies with certainty on the level of tax relief they will receive on future decommissioning costs.

Issue: 1337
Categories: News , Private business taxes