All posts for Tax

Making Tax Digital - are you ready?

For UK based VAT tax-registered businesses, that are over the £85k threshold - 1st April 2019 was the start of the new VAT regime. HMRC requires that these enterprises now keep their VAT records digitally and file tax returns using HMRC Making Tax Digital (MTD) compatible software. Many companies wi ...

Louise Rock-West - Progressive TSL

Posted 1 year agoPress > FinanceUK Oil IndustryUK Oil & Gas Investments +4

Exploration & Production Accounting Level 1

This introductory-level course provides a comprehensive overview of international accounting and finance practices in the E&P industry. It is particularly suitable for finance personnel who are new to the oil and gas industry, or want to gain a broader understanding of oil and gas financial policy, ...

MDT International - MDT International Ltd

London   England   GB 13 Feb 2019

Posted 1 year agoTraining > Accountinginternational accountingFinance +12

Budget Stability a Positive For Attractive UK Oil Tax Regime, Says GlobalData

Following today's (29 October 2018) announcement of the UK budget, Will Scargill, Senior Oil & Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the oil and gas sector: ‘‘The UK has one of the most attractive fiscal regimes for oil and g ...

OilVoice Press - OilVoice

Posted 2 years agoOpinion > BudgetGlobalDataUnited Kingdom +2

Gazprom Export to be First Among Gazprom's Subsidiaries to Join Tax Monitoring Regime

A working meeting between  Alexey Miller , Chairman of the Gazprom Management Committee, and Mikhail Mishustin, Head of the Federal Taxation Service (FTS) of Russia, took place in Moscow today. Mikhail Mishustin and Alexey Miller Enlarged photo (JPG, 677.9 KB) The parties discussed th ...

OilVoice Press - OilVoice

Posted 2 years agoPress > GazpromGazprom ExportTax +1

In a Split Decision, Oslo District Court Concluded That TGS is Guilty of Aiding and Abetting Violations of the Tax Assessment Act Related to a Contract Entered Into in 2009

ASKER, NORWAY (5 October 2018) - Oslo district court has today proclaimed a guilty verdict in the case where Økokrim accused TGS-NOPEC Geophysical Company ASA (TGS) of aiding and abetting violations of the Tax Assessment Act related to a contract for the purchase of seismic data and services in ...

OilVoice Press - OilVoice

Posted 2 years agoPress > CourtTaxTGS +2

HMRCs Making Tax Digital and the Oil & Gas Industry

Making Tax Digital, the Government initiative to digitise and streamline tax reporting processes comes into effect from April 2019. The key benefits for businesses include improved visibility over their tax situation and easier access to tax information online; enabling businesses to plan and bud ...

Marcus Kelly - TouchstoneEnergy

Posted 2 years agoPress > TouchstoneTaxdigital +8

Empyrean Energy: Tax Refunds Totalling US$1.3 Million (~£1.0 Million)

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, advises that it has received a cash refund from HM Revenue and Customs ("HMRC") totaling £298,816.50 (US$395,9561) (the "HMRC Refund"). The HMRC Refund, being the 2016 tax paid by ...

OilVoice Press - OilVoice

Posted 2 years agoPress > TaxEmpyrean EnergyHMRC +1

Full Steam Ahead? How Canadian O&G Companies are Responding to US Changes

Are you a Canadian oil and gas company currently doing business in the United States or looking to expand south of the border?  The U.S. corporate landscape has undergone some major shifts when it comes to tax law, and Canadian companies are starting to feel the effects. In this 30-minute webinar, ...

OilVoice Press - OilVoice

    21 Jun 2018

Posted 2 years agoEvent > Canadao&gOil +6

UK Trade Body Welcomes Budget Green Light to Tax Change That Will Unlock Investment

The Chancellor today announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields. Oil & Gas UK has been working constructively with HM Treasury for a numbe ...

OilVoice Press - OilVoice

Posted 3 years agoOpinion > United KingdomBudgetTax +3

Oil & Gas UK Makes Final Case For Tax Change Ahead of UK Budget

The UK Government has a limited window of opportunity to introduce a tax change with the Budget that could save the UK taxpayer millions of pounds by deferring the decommissioning of mature oil and gas fields. That's the view of Oil & Gas UK which believes it is vital that the tax history is trans ...

OilVoice Press - OilVoice

Posted 3 years agoPress > Oil & Gas UKTaxUnited Kingdom +4

State Taxes on Gasoline in 2017 up 4.5% from 2016

Source: U.S. Energy Information Administration, Petroleum Marketing Monthly In EIA's latest update of state gasoline and diesel fuel taxes data , the simple average of taxes and fees on gasoline levied by the states and the District of Columbia in effect as of July 1, 2017, was 27.9 cents ...

OilVoice Press - OilVoice

Posted 3 years agoOpinion > State TaxTaxGasoline +2