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Bus/Financial - Accounting | | English term or phrase: Profits are ring-fenced | | Profits from UK upstream oil and gas activities are "ring fenced" for corporation tax purposes such that losses and other reliefs from "non-ring fence" activities, such as oil trading cannot be utilised to reduce tax on ring fence profits. |
| TeddeKudoZ activityQuestions: 43 ( 18 open) ( 2 without valid answers) Answers: 0
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| | Russian translation:см. ниже | Explanation:
Прибыль от деятельности по разведке и добыче нефти и газа в Великобритании "резервируется" для целей корпоративного налога таким образом, что убытки и прочие налоговые льготы по "незарезервированной" деятельности (как, например, торговля нефтью) не могут использоваться для уменьшения налога на зарезервированную прибыль.
Имхо, как и обычно. |
| Selected response from:
 Andrei Mazurin
Russian Federation
Local time: 19:51
| Grading comment Большое спасибо!
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