Energy tax changes ‘will make firms more efficient’

Changes in the taxes regime will make businesses more energy efficient, according to Inenco’s More than Y report. David Cockshott, Sales and Marketing Director at Inenco said: “It gives suitable incentive to reduce energy consumption… The more you use the more you pay.” Mr Cockshott explained the changes will not cut taxes but make it […]

Oil and gas chiefs to hold tax talks with Treasury

Leading figures from the North Sea oil and gas industry are to meet the Financial Secretary to the Treasury today to talk about future tax treatment for the sector. Chancellor George Osborne pledged to review the tax regime during his Budget speech earlier this year “to make sure it is fit for the purpose of […]

Scotland’s oil industry ‘will thrive with independence’

Scotland’s oil and gas industry will “prosper and thrive with fiscal and regulatory stability” if the nation is independent, Energy Minister Fergus Ewing said. The Scottish Government would enhance the existing tax regime in a bid to maximise oil and gas recovery and increase North Sea development, “something UK Governments have failed to commit to”, […]

George Osborne: Shale gas – We will make it happen

Shale gas is set to get a major boost as Chancellor George Osborne is to introduce a new tax regime to help investment. He made the announcement during his budget speech earlier today which had a hefty chunk dedicated to the energy sector. As a smiling Ed Davey nodded in agreement, the Chancellor showed all […]