StB – North Sea taxes from the oil and gas industry

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Business for Scotland
StB – North Sea taxes from the oil and gas industry

1) What is petroleum revenue tax (PRT)? Petroleum revenue tax (PRT) is used to tax oil and gas production companies on their profits. All companies who produce oil in the UK, or on the UK continental shelf have to pay this tax. In turn, this generates revenue for the UK Government, which shows as Scottish […] The post StB – North Sea taxes from the oil and gas industry appeared first on Business for Scotland.

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StB – North Sea taxes from the oil and gas industry