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Contents

Official guidance
Oil Taxation Manual

OT20200 · Corporation tax general

  • OT20201 · Background
  • OT20202 · Overview of the main types of costs incurred in oil exploration and production - introduction
  • OT20203 · Overview of the main types of costs incurred in oil exploration and production - exploration
  • OT20204 · Overview of the main types of costs incurred in oil exploration and production - production
  • OT20205 · Overview of the main types of costs incurred in oil exploration and production - decommissioning and abandonment
  • OT20206 · Payments under Licences
  • OT20250 · Commencement of trade
  • OT20251 · World-wide activities
  • OT20252 · Sale of a small quantity of oil
  • OT20254 · Link with mining
  • OT20255 · Cessation of trade
  • OT20300 · Take or pay gas sales contracts
  • OT20310 · Intangible fixed assets - oil licences
  • OT20315 · Intangible fixed assets - oil licences - exclusion from the scheme
  • OT20400 · EU emissions trading scheme - introduction
  • OT20405 · EU emissions trading scheme - phase I
  • OT20410 · EU emissions trading scheme - phase II
  • OT20415 · EU emissions trading scheme - phases III and IV
  1. Corporation tax general: contents
  2. Corporation tax general: link with mining

OT20254 | Corporation tax general: link with mining

From HM Revenue & Customs · Oil Taxation Manual

Where a company is engaged in both mining and oil exploration, the commencement of a mining trade does not mean that the company automatically also commences a petroliferous trade. The two are regarded as separate trades.

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