Oil fence fee
From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. Ringfencing or Ring-fencing occurs when a portion of a company's assets or profits are In the United Kingdom, ring fence profits arise from income and gains from oil extraction activities or oil rights in the UK and UK continental shelf, and are 18 Nov 2011 The normal transfer pricing rules are suspended where the trade involves the disposal or appropriation of oil, instead the Petroleum Revenue Tax 18 Nov 2011 The supplementary charge is calculated in the same way as for Ring Fence Corporation Tax ( RFCT ) but without deductions for financing costs