Introduction Summary
1.Section 84 and Schedule 38 amend the rules providing for tax relief for decommissioning costs to ensure that companies can claim relief for decommissioning costs only for the accounting period in which the work is actually carried out. The Government has become aware of arrangements that have been entered into which seek to establish a claim for tax relief for decommissioning costs several years in advance of any decommissioning work being carried out. These arrangements are an attempt to undermine the integrity of the North Sea ring fence. The change will have effect in relation to decommissioning costs incurred on or after 22 April 2009.