This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Deloitte comments on North Sea gas tax relief announcement

27 July 2012

Commenting on the tax relief announced for the North Sea gas industry by the Chancellor this morning, Derek Henderson, senior partner of the Aberdeen office of Deloitte, said:

“The tax relief announced by the Chancellor today is another positive development for the UK oil and gas industry, building on March’s Budget when a number of other reliefs were announced.  

“This announcement should further support investment, unlock potential gas reserves and increase long term production leading to additional employment and an increase in overall tax revenue.  

“This encouraging action by the Chancellor also provides more evidence of the constructive dialogue that is taking place between industry and the Government.  The politicians are demonstrating their commitment to gas, it is now up to the industry to respond with increased activity levels.”

End

About Deloitte:
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited

Media contacts

Name:
Ben Jun-Tai
Company:
Deloitte LLP
Job Title:
Phone:
020 7303 6989
Email
bjuntai@deloitte.co.uk

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options
Follow:

Get in touch

More on Deloitte