Guidance for new entrants to the North Sea

This section of the site is aimed at those who are considering acquiring their first oil/gas exploration and production interests on the UK Continental Shelf (UKCS)

The Guide to North Sea Fiscal Regime provides a brief summary of the main features of the fiscal regime that applies to companies engaged in oil and gas extraction activities in the UK and on the UK Continental Shelf.

Detailed guidance on Petroleum Revenue Tax and sector-specific aspects of Corporation Tax is available from the Oil Taxation Manual

For more general guidance on UK Corporation Tax including guidance on how to file your Corporation Tax Return on line please see Corporation Tax

To learn more about Corporation Tax Self Assessment please see the Guide to Corporation Tax Self Assessment

If you have any specific questions about the UK oil and gas tax regime (technical or procedural) please contact Andrew Parrock Telephone 0207 438 6841.

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