United Kingdom Upstream Fiscal and Regulatory Report - Further Improvements Sought Despite Recent Tax Cuts | New Release
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(EMAILWIRE.COM, January 27, 2017 ) United Kingdom Upstream Fiscal and Regulatory Report - Further Improvements Sought Despite Recent Tax Cuts, presents the essential information relating to the terms which govern investment into United Kingdoms upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the states take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for United Kingdoms upstream oil and gas investment climate.
Scope
- Overview of current fiscal terms governing upstream oil and gas operations in United Kingdom
- Assessment of the current fiscal regimes state take and attractiveness to investors
- Charts illustrating the regime structure, and legal and institutional frameworks
- Detail on legal framework and governing bodies administering the industry
- Levels of upfront payments and taxation applicable to oil and gas production
- Information on application of fiscal and regulatory terms to specific licenses
- Outlook on future of fiscal and regulatory terms in United Kingdom
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=901131
Reasons to buy
- Understand the complex regulations and contractual requirements applicable to United Kingdoms upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the countrys upstream sector
- Utilize considered insight on future trends to inform decision-making
Table of Contents
1 Table of Contents 11.1 List of Tables 4
1.2 List of Figures 4
2 Regime Overview 5
3 State Take Assessment 8
4 Key Fiscal Terms 104.1 Upfront Payments 10
4.1.1 Rentals 10
4.1.2 Royalties (Abolished January 1, 2003) 12
4.1.3 Royalties - Onshore Northern Ireland 12
4.2 Petroleum Revenue Tax 12
4.2.1 Application of Petroleum Revenue Tax 12
4.2.2 Supplement 12
4.2.3 Oil Allowance 13
4.2.4 Tariff Receipts Allowance 13
4.2.5 Cross-Field Allowance 13
4.2.6 Safeguard 14
4.2.7 Provisional Expenditure Allowance (Abolished from July 1, 2009) 14
4.3 Corporation Tax 14
4.3.1 Ring Fence Corporation Tax 14
4.3.2 General Corporation Tax 15
4.3.3 Deductions and Depreciation 15
4.3.4 Mineral Extraction Allowance 16
4.3.5 Ring Fence Expenditure Supplement 16
4.4 Supplementary Charge 16
4.4.1 Application of Supplementary Charge 16
4.4.2 Investment Allowance 17
4.4.3 Cluster Allowance 17
4.4.4 Onshore Allowance 17
4.4.5 Previous Field Allowances 18
4.4.6 Ultra-High Pressure/High Temperature Field: 18
4.4.7 Ultra Heavy Oil Field: 18
4.4.8 Small Oil or Gas Field: 18
4.4.9 Deepwater Gas Field: 19
4.4.10 Large Deepwater Oil Field: 19
4.4.11 Large Shallow-Water Gas Field: 19
4.4.12 Additionally Developed Oil Field (Brownfield Allowance): 19
4.5 EU Emissions Trading Scheme 20
4.6 Customs Duties 20
4.7 Value Added Tax 20
5 Regulation and Licensing 21
5.1 Legal Framework 21
5.1.1 Governing Law 21
5.1.2 Contract Type 21
5.1.3 Title to Hydrocarbons 22
5.2 Institutional Framework 22
5.2.1 Licensing Authority 23
5.2.2 Regulatory Agency 23
5.3 Licensing Process 23
5.3.1 Licensing Rounds 23
5.3.2 Out-of-Round Applications 23
5.3.3 Applicant Requirements 23
5.3.4 Work Program Proposals 24
5.3.5 Application Fee 24
5.3.6 Application Assessment 24
5.4 License Terms 25
5.4.1 Duration 25
5.4.2 Relinquishments 25
5.5 Restrictions on Hydraulic Fracturing 26
6 Outlook 27
7 Contact Information 30
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=901131
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Scope
- Overview of current fiscal terms governing upstream oil and gas operations in United Kingdom
- Assessment of the current fiscal regimes state take and attractiveness to investors
- Charts illustrating the regime structure, and legal and institutional frameworks
- Detail on legal framework and governing bodies administering the industry
- Levels of upfront payments and taxation applicable to oil and gas production
- Information on application of fiscal and regulatory terms to specific licenses
- Outlook on future of fiscal and regulatory terms in United Kingdom
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=901131
Reasons to buy
- Understand the complex regulations and contractual requirements applicable to United Kingdoms upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the countrys upstream sector
- Utilize considered insight on future trends to inform decision-making
Table of Contents
1 Table of Contents 11.1 List of Tables 4
1.2 List of Figures 4
2 Regime Overview 5
3 State Take Assessment 8
4 Key Fiscal Terms 104.1 Upfront Payments 10
4.1.1 Rentals 10
4.1.2 Royalties (Abolished January 1, 2003) 12
4.1.3 Royalties - Onshore Northern Ireland 12
4.2 Petroleum Revenue Tax 12
4.2.1 Application of Petroleum Revenue Tax 12
4.2.2 Supplement 12
4.2.3 Oil Allowance 13
4.2.4 Tariff Receipts Allowance 13
4.2.5 Cross-Field Allowance 13
4.2.6 Safeguard 14
4.2.7 Provisional Expenditure Allowance (Abolished from July 1, 2009) 14
4.3 Corporation Tax 14
4.3.1 Ring Fence Corporation Tax 14
4.3.2 General Corporation Tax 15
4.3.3 Deductions and Depreciation 15
4.3.4 Mineral Extraction Allowance 16
4.3.5 Ring Fence Expenditure Supplement 16
4.4 Supplementary Charge 16
4.4.1 Application of Supplementary Charge 16
4.4.2 Investment Allowance 17
4.4.3 Cluster Allowance 17
4.4.4 Onshore Allowance 17
4.4.5 Previous Field Allowances 18
4.4.6 Ultra-High Pressure/High Temperature Field: 18
4.4.7 Ultra Heavy Oil Field: 18
4.4.8 Small Oil or Gas Field: 18
4.4.9 Deepwater Gas Field: 19
4.4.10 Large Deepwater Oil Field: 19
4.4.11 Large Shallow-Water Gas Field: 19
4.4.12 Additionally Developed Oil Field (Brownfield Allowance): 19
4.5 EU Emissions Trading Scheme 20
4.6 Customs Duties 20
4.7 Value Added Tax 20
5 Regulation and Licensing 21
5.1 Legal Framework 21
5.1.1 Governing Law 21
5.1.2 Contract Type 21
5.1.3 Title to Hydrocarbons 22
5.2 Institutional Framework 22
5.2.1 Licensing Authority 23
5.2.2 Regulatory Agency 23
5.3 Licensing Process 23
5.3.1 Licensing Rounds 23
5.3.2 Out-of-Round Applications 23
5.3.3 Applicant Requirements 23
5.3.4 Work Program Proposals 24
5.3.5 Application Fee 24
5.3.6 Application Assessment 24
5.4 License Terms 25
5.4.1 Duration 25
5.4.2 Relinquishments 25
5.5 Restrictions on Hydraulic Fracturing 26
6 Outlook 27
7 Contact Information 30
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=901131
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Contact Information:
Researchmoz Global Pvt.Ltd
Researchmoz
Tel: +1-518-621-2074
Email us
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Researchmoz Global Pvt.Ltd
Researchmoz
Tel: +1-518-621-2074
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results