UK government cuts oil and gas investment allowance, hikes headline tax rate #UKFinance

UK Finance

UK government cuts oil and gas investment allowance, hikes headline tax rate #UKFinance

October 31, 2024

CashNews.co

Government increases oil and gas industry headline tax rate by 3 percentage points to 78% and removes 29% investment allowance

Chancellor of the Exchequer Rachel Reeves delivers her Autumn budget statement in the House of Commons in London on October 30, 2024. — Chancellor of the Exchequer Rachel Reeves delivers her Autumn budget statement in the House of Commons in London on October 30, 2024.Photo: AFP/SCANPIX

Published 30 October 2024, 13:45Updated 30 October 2024, 17:45

United Kingdom

North Sea

Europe

Western Europe

Southern Europe

#cashnews #UK #finance

Tags 1a73e8 333 CashNews finance UK

Leave a Reply Cancel reply