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.
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.
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
