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895506

registered interest
date	01/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Oil: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what progress has been made on introducing a transferable tax history mechanism for oil producers for deals that complete on or after 1 November 2018.
tabling member constituency	West Aberdeenshire and Kincardine
tabling member printed	Andrew Bowie
uin	140188
answer	answer is ministerial correction date of answer 08/05/2018 answer text <p>As announced at Autumn Budget 2017, the government will introduce a Transferable Tax History for oil &amp; gas companies. This will give investors in UK oil and gas fields certainty that they will be able to get tax relief for decommissioning assets, and encourage new investment.</p><p> </p><p>This mechanism will be available for deals where the transfer of the licence has been approved by the Oil &amp; Gas Authority on or after 1 November 2018. This was set out in “An outline of transferable tax history”, published alongside the Budget:</p><p> </p><p>https://www.gov.uk/government/publications/an-outline-of-transferrable-tax-history</p><p> </p><p>Draft legislation will be published in the next couple of months for technical consultation.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 08/05/2018 14:00:54 answering member 4320 label Biography information for Robert Jenrick
tabling member	4601 label Biography information for Andrew Bowie

857780

registered interest
date	08/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Oil: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people received an exemption for oil used to generate electricity where that electricity is not subject to the Climate Change Levy in (a) 2015-16, (b) 2016-17 and (c) 2017-18.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	131681
answer	answer is ministerial correction date of answer 13/03/2018 answer text <p>HMRC does not hold sufficiently detailed information on the beneficiaries of these reliefs to be able to answer these questions.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 131680 question first answered 13/03/2018 13:10:52 answering member 4320 label Biography information for Robert Jenrick
tabling member	4397 label Biography information for Peter Dowd