Written Question·Department for Energy Security and Net Zero·UIN 24833
Offshore Industry: Corporation Tax
Tabled: 20 January 2025
Answered: 23 January 2025
Named DayQuestion
Grahame Morris
Labour — Easington
To ask the Secretary of State for Energy Security and Net Zero, with reference to the document entitled UKCS Decommissioning Cost and Performance Update 2024, published on 16 June 2024, whether the estimates of the annual cost of decommissioning offshore
Answer
Michael ShanksThe decommissioning cost estimates referred to, which are published by the North Sea Transition Authority, are pre-tax. Any annual relief on corporation tax granted for decommissioning expenditure in the oil and gas sector has not been applied.