Perenco UK Ltd v Revenue and Customs: FTTTx 9 Jul 2021

PETROLEUM REVENUE TAX(PRT)- Oil Taxation Act 1975 Sch 3 para 8 – Allowable expenditure – Expenditure by Appellant gas terminal owner on modification to the terminal in order to comply with new environmental regulations – Reimbursement by owners of oil fields using the services of the terminal of a pro rata share of the expenditure pursuant to applicable contractual arrangements – Whether the expenditure was to that extent – met directly or indirectly – by a person other than the Appellant
[2021] UKFTT 254 (TC)
Oil Taxation Act 1975
England and Wales

Updated: 03 August 2021; Ref: scu.666248