Shell will make its first UK tax payment in 5 years.

After posting enormous global profits in 2017, Shell has announced that it will pay tax in the UK for the first time since that year.

Shell will make its first UK tax payment in 5 years.
Shell will make its first UK tax payment in 5 years.

The energy company predicted that its profitability in the UK and the EU would “take a hit” of about $2 billion (£1.7 billion) in the year’s last three months.

To recoup part of the enormous gains firms received from high oil and gas prices, governments have put taxes on energy companies.

At this time, Shell won’t say how much UK tax it will ultimately have to pay.

At this point, it is recognised that the number may be less than expected.

After accounting for losses, investing in sectors like renewable energy or decommissioning North Sea oil rigs, oil and gas corporations may pay less tax in the UK.

Related Posts

Aviation Products Liability Insurance: Protecting Manufacturers

Aviation products liability insurance is a specialised type of insurance designed to protect manufacturers of aviation products from liability claims arising from defects or malfunctions in their products. This insurance…

Read more

Continue reading
GHACEM’s Price Reduction: A Boost to the Construction Industry

In a significant development for the construction industry and consumers, GHACEM has reduced the price of its cement from GHS 120 to GHS 82 per bag. This substantial price drop…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Aviation Products Liability Insurance: Protecting Manufacturers

  • By djfly
  • May 19, 2025
  • 4 views
Aviation Products Liability Insurance: Protecting Manufacturers

Airport Insurance: Protecting the Hub of Aviation

  • By djfly
  • May 19, 2025
  • 5 views
Airport Insurance: Protecting the Hub of Aviation

Airline Insurance: Protecting the Skies

  • By djfly
  • May 19, 2025
  • 6 views
Airline Insurance: Protecting the Skies

GHACEM’s Price Reduction: A Boost to the Construction Industry

  • By djfly
  • May 19, 2025
  • 32 views
GHACEM’s Price Reduction: A Boost to the Construction Industry

‘I Am Not Gay, and I Will Never Be

  • By djfly
  • May 18, 2025
  • 33 views
‘I Am Not Gay, and I Will Never Be

Nana Agradaa Sued for Defamation Over Comments About Gifty Adorye

  • By djfly
  • May 17, 2025
  • 101 views
Nana Agradaa Sued for Defamation Over Comments About Gifty Adorye