Written Statement·Commons·Treasury·HCWS872

Oil and Gas Decommissioning Relief Deeds

23 March 2021

Mrs Kemi Badenoch

The Exchequer Secretary to the Treasury

Conservative

Statement

At Budget 2013, the government announced it would begin signing decommissioning relief deeds. These deeds represented a new contractual approach to provide oil and gas companies with certainty on the level of tax relief they will receive on future decommi...