In the UK budget yesterday, the chancellor announced that “from November 2018 we will introduce ‘Transferable Tax History’ for transfers of oil and gas fields in the North Sea”. This was originally introduced in the March 2016 budget, and again mentioned in the March 2017 budget, but this is the first time any sort of actual timeline for implementation has been given.
23 Nov 2017
UK budget provides encouragement for acquisitions
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UK budget provides encouragement for acquisitions
Jersey Oil & Gas PLC (JOG:LON) | 154 -2.3 (-1.0%) | Mkt Cap: 50.1m
- Published:
23 Nov 2017 -
Author:
Daniel Slater, CFA -
Pages:
3
In the UK budget yesterday, the chancellor announced that “from November 2018 we will introduce ‘Transferable Tax History’ for transfers of oil and gas fields in the North Sea”. This was originally introduced in the March 2016 budget, and again mentioned in the March 2017 budget, but this is the first time any sort of actual timeline for implementation has been given.