Viaro Energy Strategy, page-125

Thanks @sergeant . I could not for the life of me crack the tax code but I think you have! This table from the document you posted sets it out beautifully.



So original Investment Expenditure Tax Relief was 91.4%, deduct EPL Investment Allowance 10.15%. Revised Tax Relief 81.25%. Then we should pick up a few percent on the back of the increase in EPL so Tax Relief should be 83.25!

With regard to Capital Allowances this is from the Opposition policy costing – Oil and Gas Levy document. https://assets.publishing.service.gov.uk/media/65c66cbf9c5b7f000c951c82/Opposition_costing_-_Oil_and_Gas_Levy__003__final.pdf



Labour have been pretty explicit, "all other tax reliefs and allowances available in the North Sea tax regime will be maintained, including 100% FYA's".

There are some great posters on the HHR thread, both +ve and -ve. Can I ask anyone with some time on the weekend to have a look at these posts and the attached documents. Do you come out with the same/similar %ages.

If the total investment tax relief remains at 83% under Labour and gas prices remain elevated I think that Rockrose could have a project to move forward with. Now they just need to figure out what to do with HHR.