About: Oil Taxation Act 1975

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The Oil Taxation Act 1975 (c 22) is a UK Act of Parliament relevant for UK enterprise law that was intended to ensure that oil and gas extraction companies operating in British territories and waters paid their fair share of tax. Over many years of amendments it was largely eliminated over 2015 and 2016, as the Petroleum Revenue Tax was cut to zero.

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dbo:abstract
  • The Oil Taxation Act 1975 (c 22) is a UK Act of Parliament relevant for UK enterprise law that was intended to ensure that oil and gas extraction companies operating in British territories and waters paid their fair share of tax. Over many years of amendments it was largely eliminated over 2015 and 2016, as the Petroleum Revenue Tax was cut to zero. (en)
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  • 53393701 (xsd:integer)
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  • 5412 (xsd:nonNegativeInteger)
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  • 1082979023 (xsd:integer)
dbo:wikiPageWikiLink
dbp:amendments
  • see text (en)
dbp:citation
  • 1975 (xsd:integer)
dbp:commencement
  • on Royal Assent (en)
dbp:introducedCommons
  • 0001-11-27 (xsd:gMonthDay)
dbp:longTitle
  • An Act to impose a new tax in respect of profits from substances won or capable of being won under the authority of licences granted under the Petroleum Act 1934 or the Petroleum Act 1964; to make in the law relating to income tax and corporation tax amendments connected with such substances or with petroleum companies; and for connected purposes. (en)
dbp:parliament
  • Parliament of the United Kingdom (en)
dbp:royalAssent
  • 1975-05-08 (xsd:date)
dbp:shortTitle
  • Oil Taxation Act 1975 (en)
dbp:status
  • Amended (en)
dbp:territorialExtent
  • United Kingdom (en)
dbp:type
  • Public General Act (en)
dbp:wikiPageUsesTemplate
dbp:year
  • 1975 (xsd:integer)
dcterms:subject
rdfs:comment
  • The Oil Taxation Act 1975 (c 22) is a UK Act of Parliament relevant for UK enterprise law that was intended to ensure that oil and gas extraction companies operating in British territories and waters paid their fair share of tax. Over many years of amendments it was largely eliminated over 2015 and 2016, as the Petroleum Revenue Tax was cut to zero. (en)
rdfs:label
  • Oil Taxation Act 1975 (en)
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