Maintenance of capital allowance softens budget blow for UK North Sea

Government increased headline tax rate by 3 percentage points to 78%, removed 29% investment allowance but maintained 100% first-year capital allowance

Offshore Energies UK chief executive David Whitehouse. — Offshore Energies UK chief executive David Whitehouse.Photo: OEUK

London

Published 30 October 2024, 17:16Updated 30 October 2024, 17:16

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