Continuously monitoring our Group-wide controls
We are committed to prompt disclosure and transparency for all tax matters. This includes the disclosures and submissions we make to comply with the requirements of the Reports on Payments to Governments Regulations, the Extractives Industries Transparency Initiative (EITI), and the Country-by-Country Reporting (CBCR) framework, developed by the Organisation for Economic Co-operation and Development (OECD).
Tedstone Oil Tax Policy applies to all taxes we are subject to, and covers, among other things: framework, planning, risk management, governance, relationship with authorities and external communications.
Looking ahead
The heightened fiscal instability in the UK requires us to consider the implications on our strategy and investment plans, and to adapt to potential future legislative changes and further fiscal risk.