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<p>The average administrative burden saving to companies in the oil and gas sector
from simplifying the reporting process for Petroleum Revenue Tax is estimated at £620,000
per annum.</p><p> </p><p>Further information about the measure can be found in the
Tax Information and Impact Note (published 23 November 2016). This is available at:</p><p><a
href="https://www.gov.uk/government/publications/petroleum-revenue-tax-cutting-administration-costs-for-the-oil-industry/petroleum-revenue-tax-cutting-administration-costs-for-the-oil-industry"
target="_blank">https://www.gov.uk/government/publications/petroleum-revenue-tax-cutting-administration-costs-for-the-oil-industry/petroleum-revenue-tax-cutting-administration-costs-for-the-oil-industry</a></p>
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