Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
01 May 2026
Supreme Court decision: capital allowances and pre-construction costsThe Supreme Court has ruled that a range of pre‑construction studies and surveys undertaken as part of windfarm developments do not qualify for capital allowances, finding that these costs were too remote from the statutory requirement that expenditure be incurred “on the provision of” plant and machinery. This decision has significant implications for businesses in capital‑intensive sectors and may prompt taxpayers to review the robustness of existing and future claims.
23 April 2026
Electricity Generator Levy to increase to 55% from 1 July 2026From 1 July 2026, the Electricity Generator Levy will rise from 45% to 55%, increasing the tax burden on generators earning exceptional profits. We break down what the change means, who it affects, and the wider commercial and tax implications for businesses in scope.
12 February 2026
Personal tax for UK arrivalsUntil 5 April 2025, individuals that were UK resident but not UK domiciled (“non-doms”) received specific treatment under the UK tax system. There have now been significant changes to the rules, that largely removes the concept of domicile from the UK tax system.
25 November 2025
Energy transition survey, ET42 - What does the future hold for the industry?As we look ahead to the UK Government’s Autumn Budget, the Energy Transition 42 survey finds the industry despondent. Confidence in the UK Continental Shelf (UKCS) remains low - unchanged from the previous survey - and revenue and profit expectations have softened.
03 September 2025
Protecting the supply chain that fuels tomorrowFor 60 years, the UK’s oil and gas supply chain has been nothing short of world-class. Forged in the challenging North Sea environment, it has evolved into a powerhouse of engineering excellence, a safety-first culture, cutting-edge technology, and a workforce that is the envy of the world.
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