UK tax and North Sea decommissioning

April 30 2012

William Arrenberg and Isaac Zailer, of Herbert Smith, consider the uncertainties created by the UK tax and regulatory regime associated with North Sea decommissioning. They then compare the difficulties faced by companies in the UK with the position in a number of other jurisdictions, before finally considering the recent UK budget announcement aimed at reducing the uncertainty relating to decommissioning tax reliefs.

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