Taxation of North Sea oil and gas
This Library briefing gives an overview of how the profits from North Sea oil and gas production are taxed, and how the fiscal regime has been reformed in recent years.
Documents to download
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The 'conservatory tax' (127 KB , PDF)
Changes to the building regulations are currently being consulted upon. These have led to press reports of a ‘conservatory tax’ of up to 10% on certain home improvements, through required associated energy efficiency measures. Reports have also said that people will be forced to take out green deal loans if they cannot afford to fund these improvements.
This note summarises recent media reports concerning the ‘conservatory tax’ proposals and Ministerial positions. It also sets out the current proposals, which are being made in a consultation on changes to the building regulations, from which most conservatories are exempt.
It also briefly outlines the green deal, which is the government’s new flagship energy efficiency scheme for financing energy efficiency improvements to homes. However, the Library’s standard note on the green deal covers this in more detail.
Documents to download
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The 'conservatory tax' (127 KB , PDF)
Related posts
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Debate on domestic production of critical minerals
A debate has been scheduled in Westminster Hall for 9.30am on 3 December on domestic production of critical minerals. The debate will be opened by Perran Moon MP.
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Help with energy efficiency, heating and renewable energy in homes
This briefing outlines the various financial support available across the UK for installing energy efficient measures, heating and renewable energy in homes.
