EY Budget 2016 insight: Missed opportunity for oil and gas

Mar 16, 2016, 08:22 PM

The #Budget2016 included some welcome changes for the #oil and #gas industry it and took a significant step towards a simpler, lower #tax regime. However, an opportunity was missed to be more radical and abolish supplementary charge completely which would have swept away the complexity of the investment allowance and its interaction with #decommissioning losses.