The Windfall Tax has been a hot topic in the media over the last few months but what actually is the Windfall Tax? What does it mean for Oil & Gas companies and what does it mean for the Treasury? Will the increase in marginal tax drive companies away from the UK North Sea? Why are some oil and gas companies looking at this as an opportunity?
Lots of questions - we hope you find the answers in this video! Tax is a complex subject and what you see is not necessarily what you get - the Windfall Tax (and Energy Profits Levy) may cause some very bizarre reactionary behaviours.