Aberdein Considine

Oil & Gas

Oil and gas contractors in line for tax hike


Oil and gas contractors are facing a triple tax blow under a stealth £3billion tax raid by George Osborne. As the dust settles on the first Tory budget in nearly 20 years, details of a three-pronged attack on the North Sea's self-employed workforce are now emerging. Contractors - who have already bore the burnt of the job cuts which have plagued the industry since the turn of the year - look certain to lose out on thousands of pounds of income due to changes in Fividend Tax next year.