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.”
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