6. Two companies that are subsidiaries of the same parent make payments of RFCT and SC, with one of those companies also making a payment of Non Ring Fence Corporation Tax (N-RFCT). Company A pays £50,000 and Company B pays £25,000 of RFCT and SC, with Company B also making a payment of N-RFCT of £100,000. No entries are required on the template. 7. Two companies that are subsidiaries of the same parent each have interests in two oil fields that are liable to Petroleum Revenue Tax (PRT). Each company pays PRT of £25,000 for each of the fields in 2014, leading to a total payment of £100,000. Each payment should be entered on the template. Group Reporting One set of templates should be completed for all companies that are subsidiaries of a common ultimate parent company. If, for whatever reason, a company decides to send a separate set of templates to the Independent Administrator, it should explain its reasons for doing so. This would have no impact on the application of the disclosure threshold, which should continue to be applied at the group level. Template 1 - Tax and Licence Summary Overview This template is used to produce a summary of the detailed payments information contained in the supporting worksheets. Companies are required to provide information on the amounts paid to, or repaid by, the UK government in respect of certain payment in the year ended 31 December 2014. Detailed Requirements Reporting group: Enter the name that is generally used to identify the enterprise that conducts the operations that give rise to the payments included in the report e.g. Shell, BG Group Columns Payments (£ thousand): Enter the sum of all payments of the relevant type made during the reporting period Repayments (£ thousand): Enter the sum of all repayments of the relevant type made during the reporting period Net Payment (£ thousand): Enter the net sum representing the sum of all payments and repayments of the relevant type made during the reporting period Rows
6. Two companies that are subsidiaries of the same parent make payments of RFCT and SC, with one of those companies also making a payment of Non Ring Fence Corporation Tax (N-RFCT). Company A pays £50,000 and Company B pays £25,000 of RFCT and SC, with Company B also making a payment of N-RFCT of £100,000. No entries are required on the template. 7. Two companies that are subsidiaries of the same parent each have interests in two oil fields that are liable to Petroleum Revenue Tax (PRT). Each company pays PRT of £25,000 for each of the fields in 2014, leading to a total payment of £100,000. Each payment should be entered on the template. Group Reporting One set of templates should be completed for all companies that are subsidiaries of a common ultimate parent company. If, for whatever reason, a company decides to send a separate set of templates to the Independent Administrator, it should explain its reasons for doing so. This would have no impact on the application of the disclosure threshold, which should continue to be applied at the group level. Template 1 - Tax and Licence Summary Overview This template is used to produce a summary of the detailed payments information contained in the supporting worksheets. Companies are required to provide information on the amounts paid to, or repaid by, the UK government in respect of certain payment in the year ended 31 December 2014. Detailed Requirements Reporting group: Enter the name that is generally used to identify the enterprise that conducts the operations that give rise to the payments included in the report e.g. Shell, BG Group Columns Payments (£ thousand): Enter the sum of all payments of the relevant type made during the reporting period Repayments (£ thousand): Enter the sum of all repayments of the relevant type made during the reporting period Net Payment (£ thousand): Enter the net sum representing the sum of all payments and repayments of the relevant type made during the reporting period Rows
Oil_and_gas_step_by_step_guide.docx