UK maintains tax rate for North Sea though all could be undone by no-deal Brexit

摘要

The UK government will maintain the current headline tax rate for UK North Sea operations, signalling a level of stability for offshore investors amid concerns that rising oil prices would have seen the tax relief measures cut. Industry body Oil & Gas UK (OGUK) said Chancellor Phillip Hammond's announcement during the 2018 Budget is "welcome recognition of the hard work by industry to encourage recovery following one of the most testing downturns in its history".