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Legislation
Finance Act 2025

Crossheading Oil and gas

  • Section 15 Increase in rate of energy (oil and gas) profits levy
  • Section 16 Relief from levy for investment expenditure
  • Section 17 Extending the period for which levy has effect
  • Section 18 Decommissioning of carbon storage installations
  1. Oil and gas
  2. Decommissioning of carbon storage installations

Section 18 | Decommissioning of carbon storage installations

From legislation.gov.uk

Schedule 3 makes provision for certain payments into a decommissioning fund to be treated as decommissioning expenditure for the purposes of corporation tax, income tax and petroleum revenue tax.

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