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The UK Petroleum Revenue Tax (PRT) was set to 0% on 1 January 2016, and even before that only applied to fields established prior to 1993. https://www.gov.uk/g
by Reason077 8y ago
The UK Petroleum Revenue Tax (PRT) was set to 0% on 1 January 2016, and even before that only applied to fields established prior to 1993.
https://www.gov.uk/guidance/oil-gas-and-mining-petroleum-revenue-tax https://www.gov.uk/guidance/oil-gas-and-mining-petroleum-rev...
- alexgmcm 8y agoYeah, we could have had a sovereign wealth fund - instead we let the corporations exploit our natural resources for free. I guess the Empire finally colonised itself.