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Ring-fence expenditure

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The Corporation Tax (Variation of the Relevant Percentage) Order, SI 2011/2885 increases the relevant percentage for ring-fence expenditure supplement from 6% to 10% to help ensure that the field allowance works effectively and equitably to support investment in marginal oil and gas fields. The Order has effect for accounting periods beginning on or after 1 January 2012.

Issue: 1104
Categories: News , Corporate taxes