emmawilliams

5 years ago

Petroleum Revenue Tax (PRT) is a tax on the profits from oil and gas production in the United Kingdom. PRT is deductible as an investment for RFCT and SCT. These are known as ‘taxable domains’. Petroleum Revenue Tax is a field-based tax however does not apply to fields with construction acquiescence after 15 March 1993. Read more this article on DNS Accountants. https://www.dnsassociates.co.uk/oil-gas-mining-petroleum-revenue-tax