Bad Budget for UKOOA

Responding to yesterday’s Budget statement, the UK Offshore Operators Association (UKOOA) accused the Treasury of ignoring the urgent needs of the
Malcolm Webb, UKOOA's chief executive, said: 'The Treasury clearly recognises that lower taxes are good for business, but unfortunately fails to apply that principle to our industry.
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Comment: The UK is closer to deindustrialisation than reindustrialisation
No. 20% is added to the bill (not deducted) as output tax that is recovered by a VAT registered customer as input tax, until a customer down the...