Jersey Oil and Gas (GB:JOG) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Jersey Oil & Gas has informed stakeholders of significant changes to the UK’s Energy Profits Levy, which will see an increase to 38% from November 2024, consequently pushing the total tax rate for upstream oil and gas activities to 78%. The levy is now extended until 2030, though it will be discontinued if energy prices fall to normal levels for a sustained period. Additionally, the current 29% investment allowance for qualifying expenditures will be eliminated, with further details on capital allowance claims to be revealed in the upcoming October Budget.
For further insights into GB:JOG stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue