CTM41000 - Particular Bodies: oil & gas companies
LBS Oil & Gas is part of the Large Business Service and is responsible for:
- Petroleum Revenue Tax
- CT and supplementary charge liabilities of the majority of companies which have to pay Petroleum Revenue Tax, and
- CT and supplementary charge liabilities of the majority of oil industry groups generally.
Any company which owns oil and gas interests in the North Sea should, in the first instance, be referred to this office (although some smaller oil industry groups and companies are dealt with by Scotland West (CT) which receives technical support from LBS Oil & Gas). Our address is:
LBS Oil & Gas
22 Kingsway (2nd floor)
In addition LBS Oil & Gas deals with the indirect tax affairs of the larger oil industry groups.
LBS Oil & Gas also deals with the mainstream CT liabilities of companies having a wide range of activities associated with the oil industry, including oil traders and companies providing oil related services to non-residents.