OT42001 | Non-residents working on the UK continental shelf: computation of profits: introduction

This section of the manual deals with the computation of trading profits (for companies and partnerships) and professional income (for individuals) arising from ‘exploration or exploitation activities’ (see OT40500+) chargeable to UK tax by virtue of CTA2009\S1313 and ITTOIA2005\S874. Other parts of this manual deal with profits or gains arising from ‘exploration or exploitation rights’ (see OT41001) and chargeable gains (see OT30801).