25 April 2024
Tax relief proposals for marginal UKCS fields “a step in the right direction”
Publication date: 06 July 2011
Gas Strategies Group
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The UK Government went some way towards meeting heavy criticism from the UK offshore industry of this year’s Budget package by announcing yesterday that it will increase the Ring Fence Expenditure Supplement (RFES) for the North Sea tax regime from 6% to 10%/year with effect from January 1visual_editor01visual_editor.