New changes for decommissioning tax rules will help end “areas of dispute” between the industry and UK government, according to a leading expert.
Accompanying the Chancellor’s Budget last week, the Treasury unveiled changes to corporation tax for decommissioning.
The measures aim to end a “big debate” which has been taking place between industry, the Treasury and regulator OPRED over what can qualify as a decommissioning cost, and therefore subject to tax relief.
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