SolvedOT42020 | Non-residents working on the UK continental shelf: computation of profits: exclusions from computation of profits
From HM Revenue & Customs · Oil Taxation Manual
The following items are not brought into the computation of profits within CTA2009\S1313 and ITTOIA2005\S874:
profits from any activities carried on abroad
profits from activities carried on in the UK (including the territorial waters or on the UK Continental Shelf) which are not ‘exploration or exploitation activities’
profits/income from property or rights other than ‘exploration or exploitation rights’.