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VAT and Duty in the Oil and Gas Industry

Quorum Training - A Wilmington Company
Course summary
Length: 1 day
Price: 575 GBP excl. VAT
Course type: Open / Scheduled
Next available date: 12/04/2019 09:30 - London
Course home page: Link
Course Dates
12/04/2019 09:30 
575 GBP
07/10/2019 09:30 
575 GBP

Course description

A course by Quorum Training - part of the Wilmington Group

VAT and Customs Duty in the Oil and Gas Industry - 1-day course in London

VAT and customs duty issues in the oil and gas industry are many, varied and often very complex. This course gives comprehensive guidance on all the UK indirect tax rules in this sector.

Suitability - Who should attend?

It is intended for those responsible for ensuring correct compliance with indirect tax regime.

Outcome / Qualification etc.

Training Course Content

Introduction and background to structures and trading issues

Offshore exploration and exploitation

  • The supply chain
  • VAT registration
  • Deduction of input tax incurred prior to registration
  • Place of supply
  • VAT liability of principal supplies and imports
  • Exploration and production charges
  • Pipeline transportation and maintenance
  • On shore terminals
  • Imports
  • Goods returned from the continental shelf
  • Supplies to OMS from third party contractors

Onshore exploration and exploitation

  • Liability of exploration and production billings
  • Supplies by third party contractors
  • Environmental taxes

Disposal and rearrangement of licence interests and financing agreements

  • Transfers of going concerns (TOGSs)
  • Supplies not involving a TOGC


  • Processing and other services
  • VAT accounting procedures
  • Evidence for claiming VAT
  • Home produced oil
  • Imports of finished products
  • Valuation for VAT and tax points

Imports from outside the EU for use offshore – (Ship Work End Use Relief – SWEU)

  • Eligible goods and prescribed uses
  • Record keeping and time limits
  • Decommissioning of rigs and platforms in the UKCS


The price per place for this course is £575 plus VAT.

Contact Quorum Training for pricing details for running this course in-house. The price will include pre-course discussions with the trainer, supporting course materials and delivery of a practical, interactive course that meets your training needs.

About provider

Quorum Training

Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals. Covering Accounting and Finance, Taxation, VAT, Governance, Risk and Compliance, Financial Markets and Corporate Treasury, and Charities. Quorum deliver bespoke in-house and public training programmes....

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Contact info

Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London

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