New tax rules aim to end ‘big debate’ on UK decommissioning
New changes for decommissioning tax rules will help end “areas of dispute” between the industry and UK government, according to a leading expert.
National Audit Office
Shell gets UK tax refund, but pays over $1billion in nearby Norway
Shell paid billions of dollars in tax in 2019 to governments around the world. But in four countries, the energy giant got money back.
HMRC boosts projected decommissioning tax relief for oil firms by £1.1billion
HMRC has boosted projections by £1.1billion for the amount of tax repayments it expects to give oil firms for North Sea decommissioning.
Research highlights ‘huge concern’ over oil firms’ ability to pay decommissioning bills
New analysis has outlined “huge concerns” for UK taxpayers around whether oil and gas firms will be able to meet their hefty decommissioning costs, with some rising above their company market values.
Customers paying too much for electricity due to low bar set by Ofgem – National Audit Office
Customers have been paying too much for their electricity for seven years because regulator Ofgem set the bar too low for networks, the spending watchdog has said.
Big returns for energy investors leaves customers with £800m bill, spending watchdog claims
Customers have been paying too much for their electricity for seven years as regulator Ofgem set the bar too low for networks, the spending watchdog has said.
Slow progress on creating UK fracking industry, report finds
The Government's plan to establish the UK shale gas industry through the controversial process of fracking is taking longer than expected, a new report has said.
Exclusive: Treasury paying £400m decommissioning relief to Japanese giant Mitsubishi
The UK Government has agreed to pay up to £400million in oil and gas decommissioning relief to one of Japan’s largest trading companies.
£900m Sellafield decom overspend warning from National Audit Office
Decommissioning the nuclear site at Sellafield faces continued delays and an overspend of up to £913 million, according to an official report.
No evidence to show Green Investment Bank achieved its aim
A report published by the National Audit Office has found a lack of ‘criteria or evidence’ that the Green Investment Bank (GIB) actually served its intended purpose.
Nuclear Authority’s failure to carry out decommissioning deal cost taxpayer £122million
Fundamental failures in awarding a £6.2 billion deal to decommission the UK's ageing fleet of Magnox nuclear power stations cost the taxpayer £122 million, an official report has found.
Nuclear Authority’s failures in awarding contract cost taxpayer £122m, report says
Fundamental failures in awarding a £6.2 billion deal to decommission the UK’s ageing fleet of Magnox nuclear power stations cost the taxpayer £122 million, an official report has found.