Oil and Gas

Oil & Gas

We know we provide the right service and support – to make a difference to your business performance.

As a global business the Oil & Gas sector demands the latest technology and innovations to access remote reserves.

In the service sector there is a supply chain aligned and ready to support exploration, drilling and production operations.  Working globally, international taxes, expat tax, VAT planning and compliance all need to be addressed – all challenges the Oil & Gas sector faces around funding of working capital, growth and new product development.

Research and Development (R&D) schemes and the new Patent Box tax regime are amongst key issues faced. We have recently delivered over £23 million of tax relief for Scottish companies – with no claim rejections by HM Revenues & Customs.

We take the time needed to understand your R&D projects thoroughly and we know how HMRC assess claims in practice. Our experts are knowledgeable and they know what is needed to deliver successful projects.

From well known international businesses through to start-up technology and development companies, we can help with:

  • Audit
  • Tax planning
  • VAT issues
  • Fund raising
  • R&D relief
  • Patent Box
  • Exit strategies
  • Corporate finance
  • Personal tax
  • Corporate tax
  • Wealth management
  • Employee benefits
  • Management reporting systems
  • Outsourcing
  • International tax services

Accessing Global Networks

Unfamiliar laws, regulations, local customs, language barriers – all overwhelming factors when entering new markets. Our International Tax Practice and Tax specialists will assess your international tax position from a global perspective.

Our international services include:

  • Implementation of tax efficient international tax structures
  • Tax planning for inward and outward investments from the UK
  • Local country permanent establishment assistance
  • Withholding tax planning
  • Advice on type of legal entity
  • Financial reporting of tax provisions
  • Foreign tax credit planning and double tax relief
  • Contracts review from a tax perspective
  • Controlled foreign company planning

We are members of PKF Limited which gives us access to a global network of organisations to help your business expand internationally.

Johnston Carmichael has appointed a Head of Oil & Gas, Graham Alexander. Graham leads the Oil & Gas team who are based in our Aberdeen office.

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  • Oil & Gas - Budget 2015

    With rising extraction costs and dramatic falls in the Brent crude oil price, the oil and gas industry has faced questions over the commercial viability of recovering oil from the UK continental shelf.

    A number of changes to the oil and gas tax regime were announced during the Autumn Statement in December, including:

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  • Corporate Tax - Budget 2015

    What was on the cards for Corporate Tax in yesterday's Budget 2015 announcement?

    A number of key tax areas, relevant to businesses of all sizes, were announced. Headline areas of note were:

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  • Looking ahead in 2015 for Oil & Gas industry

    The decrease in oil prices has put the energy industry under the spotlight in recent weeks. Looking ahead to the priorities for 2015, key objectives for the industry will include identifying cost savings and maintaining exploration and production levels. We have summarised this year’s anticipated tax changes.

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  • Oil & Gas Accountancy Services

    The Oil & Gas team at Johnston Carmichael specialise in providing high quality business advice to the Oil & Gas sector, which is vitally important to the Scottish and UK economy. Find out more about the Johnston Carmichael Oil & Gas team.

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  • Johnston Carmichael Corporate Brochure

    Our business and your business combined opens a world of opportunity – it’s that sense of partnership that has defined us since 1936. For a full overview of our services and our sector expertise please download a copy of our Corporate brochure below.

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