This content is from: United Kingdom

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

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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