The Oil and Gas Authority (Levy) Regulations 2016
Enters into force - 1 April 2016
Great Britain - taxation
The Oil and Gas Authority (Levy) Regulations 2016 make provision for imposing a levy on licensees of offshore licences. The levy is payable to meet the expenditure of the Oil and Gas Authority in carrying out certain functions under the Infrastructure Act 2015 such as exploitation of petroleum and importation and storage of combustible gas. The provisions of these Regulations refer to the Secretary of State rather than the OGA since the OGA is an executive agency of the Department of Energy and Climate Change and has no separate legal identity.