Updates: Oil Taxation Manual
2024
Decommissioning and abandonment: reimbursement by defaulter in respect of abandonment expenditure
Legislation was repealed in 2013.
Legislation repealed in 2013.
2023
Energy Profits Levy: Meaning of decarbonisation expenditure
Content added.
Corporation Tax Ring Fence: Energy Profits Levy: Contents
Ref number edited.
2022
Oil Taxation Manual: update index
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Oil Taxation Manual: recent changes
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Oil Taxation Manual: recent changes
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Oil Taxation Manual: recent changes
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Oil Taxation Manual: recent changes
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Oil Taxation Manual: recent changes
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Oil Taxation Manual: recent changes
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2021
PRT: valuation of crude oils and products - how to calculate category 1 values
Tables amended in line with accessibility guidelines.
2020
Transferable tax history - Activation - Introduction
Link corrected.
Corporation Tax Ring Fence: Losses and Group Relief: Group Relief
Loss reform changes.
New loss rules changes.
Oil contractors ring fence: the effect of the ring fence
Changes to reflect F(No2)A17 loss relief streaming rules.
2019
PRT: valuation of crude oils and products - how to calculate category 1 values
Valuation methodology amendments.
Review date amended.
PRT: valuation of crude oils and products - category 1 oil value calculation mechanism
Methodology details amended.
PRT: appendices - PRT/accounts reconciliation (full version)
Page archived.
PRT: appendices - PRT/accounts reconciliations (modified version)
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Links to: OT19025, OT19040, OT19075, OT19140, OT19175 archived.
PRT: appendices - valuation of LPG
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PRT: appendices - review of LPG methodology
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Interest and Financing: Charges which were not allowed against Ring Fence profits
Page archived.
Interest and Financing: Charges paid to associates
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PRT: royalty - licence debit and credit
Page archived.
PRT: royalty - licence payments
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PRT: royalty - royalty paying fields
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PRT: royalty - royalty payable
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PRT: royalty - periodic payments
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PRT: royalty - transfers of interest
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PRT: royalty - chargeable or allowable
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Link to OT05500 archived.
PRT: supplement - contractor financing: example
Page archived.
Link to OT12600 archived.
Corporation tax ring fence: onshore allowance - reduction of adjusted ring fence profits
Sections on straddling periods and interaction of field allowance and onshore allowance removed.
PRT: Foreign Fields - Double Taxation Relief
Rewritten to reflect changes to legislation.
Capital Allowances: Industrial Buildings or Structures: contents
Page archived.
Links to OT26080 OT26200 OT26400 removed.
Capital Allowances: Research and Development Allowances: Introduction
Para on exploration expenditure supplement deleted as legislation repealed and associated guidance archived.
Corporation tax ring fence: advance pricing agreements
Updated to reflect change in practice.
Corporation Tax Ring Fence: Tariff Receipts and Tax-Exempt Tariffing Receipts
Amended to reflect changes in FA18.
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Capital Allowances: Industrial Buildings or Structures - Abandonment and Demolition
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Corporation tax general: take or pay gas sales contracts
Oil Taxation Manual Update Project
Capital Allowances: Exploration Expenditure Supplement: Introduction
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Capital Allowances: Exploration Expenditure Supplement: Accounting periods
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Capital Allowances: Exploration Expenditure Supplement: Unrelieved Group Ring Fence Profits
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Capital Allowances: Exploration Expenditure Supplement: Relevant percentage for calculating the EES
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Capital Allowances: Exploration Expenditure Supplement: Pre-Commencement Supplement
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Capital Allowances: Exploration Expenditure Supplement: Claims for pre-commencement EES
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Capital Allowances: Exploration Expenditure Supplement: Post-Commencement Period
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Capital Allowances: Exploration Expenditure Supplement: Ring fence losses and Qualifying E&A losses
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Capital Allowances: Exploration Expenditure Supplement: Post-commencement EES - Using the pools
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Capital Allowances: Exploration Expenditure Supplement: contents
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Capital allowances - extended ring fence expenditure supplement for onshore activities : contents
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Capital allowances: extended ring fence expenditure supplement for onshore activities- introduction
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Transferable tax history - Introduction
TTH guidance added.
Transferable Tax History - Uplifted Decommissioning Costs Estimate
Typo.
Oil Industry accounting: Generally Accepted Accounting Practice
Oil Taxation Manual Update Project
Oil Taxation Manual Update Project
Oil Industry accounting: adoption of IFRS by UK companies
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Oil Industry accounting: IFRS 6 - exploration for and evaluation of mineral resources
Manual update project.
Oil Industry accounting: use and application of UK accounting standards
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Oil Industry accounting: statements of recommended practice
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Oil Industry accounting: successful efforts and full cost methods of accounting
Oil Taxation Manual Update Project
Oil Industry accounting: the full costs accounting method
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Oil Industry accounting: the successful efforts accounting method
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Oil Industry accounting: joint venture accounting - FRS 102
Oil Taxation Manual Update Project
Oil Taxation Manual Update Project
Oil Industry accounting: joint venture accounting - IFRS
Oil Taxation Manual Update Project
Oil Taxation Manual Update Project
Oil Industry accounting: underlift and overlift
Oil Taxation Manual update project.
Oil Industry accounting: disclosure of commercial reserve quantities
Oil Taxation Manual update project.
Oil Industry accounting: contents
Links to OT02025, OT02040, OT02070, OT02086, OT02087 archived.
Capital gains: consideration other than cash: licence swaps - disposals made before 22 April 2009
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PRT: penalties - penalty provisions: incorrect returns
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PRT: penalties - what is meant by fraudulently or negligently
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PRT: penalties - amount of penalty: participator
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PRT: penalties - amount of penalty: responsible person
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PRT: penalties - incorrect statement of payment on account
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Links to OT18760, OT18770, OT18780, OT18785, OT18790, OT18810 archived.
PRT: penalties - chargeable periods ending before 30 June 2010
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Links to OT18760 archived.
The NSTA role in the UK North Sea: DESNZ and the North Sea Transition Authority
Oil Taxation Manual Update Project
2018
References to Jersey changed to Greece and consequentials.
PRT: Safeguard - Interaction with Spreading Election
Header amended. Note added to reflect repeal of legislation.
2017
PRT appendices - elections for oil fields to become non-taxable
This page has been changed to reflect changes made at Autumn Statement 2016 to the opt-out for PRT. The Introduction and How Legislation Works sections have been changed and two new sections have been added.
The change to content is to reflect changes made at Autumn Statement 2016.
PRT: administration: returns by responsible person - PRT 2
This change has been made to reflect changes to PRT administration made at Autumn Statement 2016.
PRT: administration: returns by participators - PRT 1
This change reflects changes to PRT administration at Autumn Statement 2016.
PRT: administration: returns by participators - PRT 1A
This change reflects a change to the opt-out for PRT made at Autumn Statement 2016.
PRT: administration: returns by participators - PRT 6
This change reflects changes made to PRT administration at Autumn Statement 2016
PRT: administration: payment provisions - payment on account - PRT 6
This change reflects changes to PRT administration made at Autumn Statement 2016.
PRT: administration: payment provisions - payment on account
This change reflects changes made to PRT administration at Autumn Statement 2016.
PRT: administration: payment provisions - instalments
This reflects changes made to PRT administration made at Autumn Statement 2016
PRT: oil allowance - background
This change reflects changes made to PRT administration at Autumn Statement 2016.
PRT: oil allowance - amount of allowance
Text deleted to reflect changes to PRT administration made at Autumn Statement 2016.