petroleum revenue tax

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• Petroleum revenue tax — (PRT) is a direct tax collected in the United Kingdom. It was introduced under the Oil Taxation Act 1975, soon after Harold Wilson s Labour government returned to power and in the immediate aftermath of the 1973 energy crisis, and was intended to …   Wikipedia

• petroleum revenue tax — UK US noun [C] ► TAX, ECONOMICS, NATURAL RESOURCES a tax on petroleum in relation to its value: »Petroleum revenue tax has risen by over 60% …   Financial and business terms

• petroleum revenue tax — PRT A tax on the profits from oil exploration and mining occurring under the authority of licences granted in accordance with the Petroleum (Production) Act (1934) or the Petroleum (Production) Act (Northern Ireland) (1964). This tax was the… …   Accounting dictionary

• petroleum revenue tax — PRT A tax on the profits from oil and gas extraction in the UK first imposed in 1975. This tax was the principal means enabling the UK government to obtain a share in the profits made from oil in the North Sea. It has been abolished for oilfields …   Big dictionary of business and management

• Inland Revenue — This article is about the United Kingdom government department. For other countries, see Inland Revenue Department. The Inland Revenue was, until April 2005, a department of the British Government responsible for the collection of direct taxation …   Wikipedia

• Inland Revenue — the branch of the administration responsible for collecting direct taxes from the citizen. The administration of the UK tax system is in the hands of two bodies, namely the Commissioners of Customs and Excise, who have jurisdiction over indirect… …   Law dictionary

• Dana Petroleum — Not to be confused with Dana Gas. Dana Petroleum plc Type Public (LSE: DNX) Industry En …   Wikipedia

• Board of Inland Revenue — A small number of higher civil servants, known individually as Commissioners of Inland Revenue, responsible to the Treasury for the administration and collection of the principal direct taxes in the UK, but not the indirect VAT and excise duties …   Accounting dictionary

• Board of Inland Revenue — A small number of higher civil servants responsible to the Treasury for the administration and collection of the principal direct taxes in the UK, but not the indirect VAT and excise duties. They are responsible for income tax, capital gains tax …   Big dictionary of business and management

• Desire Petroleum — plc Type Public limited company (LSE:DES) Industry Hydrocarbon exploration Founded 1996 Foun …   Wikipedia

• Murco Petroleum Ltd — is a UK based oil company, with headquarters in St. Albans, Hertfordshire. It refines oil and also has a network of petrol stations. It was founded in 1960 and is a subsidiary of the USA based Murphy Oil Corporation. The company owns a chain of… …   Wikipedia