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OT21765 | Energy Profits Levy: Financing and decommissioning costs

From HM Revenue & Customs · Oil Taxation Manual

EPLA22\S2(2)(d)

For the avoidance of doubt, EPLA22\S2(2)(d) confirms that financing and decommissioning costs are not investment expenditure and therefore will not qualify for the 29% additional expenditure (80% from 26 May 2022 to 31 December 2022).