UK Continental Shelf (North Sea Oil) - Further Information
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Mineral
Extraction Allowance
Provides advice on Mineral Extraction Allowances (MEA) and taxation matters
specifically relating to mines, quarries and the like.
Statutory Market Values
Where a participator in a U.K. oil field disposes of oil, liquefied petroleum
gases (LPGs) and condensate otherwise than by way of a sale at arm's length
the disposal is taxed as if it took place at a statutorily defined market
value.
Guidance For New Entrants to the North Sea
Aimed at those who are considering acquiring their first oil/gas exploration
and production interests on the UK Continental Shelf (UKCS)