Spending on consultancy - Quarter 2 2012-2013
Updated 1 March 2013
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Department | Organisation Name | Requirement description | Basis for Exception | Value | Approval month |
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HM Treasury | HM Treasury - Core | Oil and Gas Decommissioning Relief Deeds (DRD) | A requirement for legal services to review the Decommissioning Relief Deed (DRD) contract, which the government will enter into with oil and gas companies. The DRD will aim to provide greater certainty over the level of tax relief to which companies will be entitled when decommissioning their assets. Without expert legal advice, there is a risk that the DRD will not deliver the Government's objectives and/or will have unforeseen and undesirable consequences. | £36,300 | Aug-2012 |
HM Treasury | HM Treasury - Core | Tax and Accounting Advisory Services for the 'Above the line' credit | Tax and accounting services to review how the introduction of 'Above the Line' (ATL) credit relating to research and development expenditure may potentially impact US-headed groups. Research and Development credits currently enable firms to recoup UK taxable profits by a proportion of qualifying R&D expenditure. The 'ATL' credit seeks to further incentivise investment by large companies by introducing a direct cash credit based on qualifying R&D expenditure. The tax and accounting services will allow a clearer understanding of how US-headed groups may incentivise additional R7D investment in the UK. | £34,600 | Aug-2012 |
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