UK Budget: North Sea tax cuts welcome, but DPT still causing concern

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UK Budget: North Sea tax cuts welcome, but DPT still causing concern

Matthew Gilleard
March 18 2015

George Osborne, UK chancellor of the exchequer, delivered his final Budget speech before the general election today, with welcome tax cuts for the UK’s oil and gas industry and a reduction in the number of companies that have to submit information to HM Revenue & Customs about their liability, or not, for the controversial diverted profits tax (DPT).

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Matthew Gilleard worked at ITR between 2010 and 2016
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