Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what rate of tax relief a company would receive against the cost of decommissioning redundant oil platforms in UK Territorial Waters.

The rate of tax relief for the decommissioning of redundant oil platforms will depend on the particular circumstances of the company in question. If the company is within the UK’s oil & gas tax regime the rate of relief will be commensurate with the rates of tax charged.