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Tax Systems for North Sea Oil in Britain and Norway

  • Colin Robinson
  • Jon Morgan
Part of the Trade Policy Research Centre book series

Abstract

The impact of the British offshore oil taxation system on company rates of return is examined implicitly at various places in this book.1 In Chapters 4 and 6 rates of return are estimated on several price assumptions and in Chapter 7 the effect on profitability of depletion controls is discussed: since all the net present value and internal rate of return computations are after tax (that is, after royalties, Corporation Tax and Petroleum Revenue Tax) the taxation system figures in all these calculations. In this chapter, however, the impact of the United Kingdom taxation regime on company profitability and government revenues is investigated more explicitly and compared with the corresponding regime in Norway.2 An introduction to the taxation system for United Kingdom offshore oil appears in Chapter 4 and in Chapter 9 there are some comments on the overall size of British government revenues from oil.

Keywords

Royalty Rate Government Share Norwegian System Ring Fence Production Allowance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Colin Robinson, Jon Morgan and the Trade Policy Research Centre 1978

Authors and Affiliations

  • Colin Robinson
    • 1
  • Jon Morgan
    • 2
    • 3
  1. 1.University of SurreyUK
  2. 2.British National Oil CorporationUK
  3. 3.Department of EconomicsUniversity of SurreyUK

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