1993-07-08, English, Article, Other article edition: Final changes set for UK PRT overhaul; industry gives support to several new provisions. (Petroleum Revenue Tax) Mably, Richard

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Bookmark: http://trove.nla.gov.au/version/110648374
Physical Description
  • Newsletter article
Published
  • The McGraw-Hill Companies, Inc., 1993 July 8
Language
  • English

Edition details

Title
  • Final changes set for UK PRT overhaul; industry gives support to several new provisions. (Petroleum Revenue Tax)
Also Titled
  • Final changes set for UK PRT overhaul; industry gives support to several new provisions.
Appears In
  • Platt's Oilgram News, v71, no.n131, 1993 July 8, p1(2) (ISSN: 0163-1284)
Author
  • Mably, Richard
Published
  • The McGraw-Hill Companies, Inc., 1993 July 8
Physical Description
  • Newsletter article
Subjects
Target Audience
  • Trade
Summary
  • Amendments allowing transitional tax relief from the Petroleum Revenue Tax are expected to be passed by the UK Parliament during the week of Jul 12, 1993. In the annual March budget proposals, the government had announced it would eliminate relief from PRT, effective immediately. The amendments will permit companies operating in the UK full relief from PRT on up to $15 million of exploration expenditures up to the end of 1994. Although the budget amendments are supported by many oil companies, the Association of Service Sector Oil-Related Industries is trying to persuade the government to allow transitional tax relief over a period of three years.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 13187155

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