Corporation tax is focus for oil and gas sector ahead of Scotland’s Independence White Paper

SaltireThe oil and gas sector in particular – as well as the wider energy sector in general – will be looking most keenly at the Scottish Government’s proposals for corporate taxes when its  Independence White Paper is published tomorrow (26 November).

Today, officials at St. Andrew’s House in Edinburgh were typically tight-lipped about the contents of the White Paper, which will be published online at 10.am tomorrow.

But – unlike the Chancellor’s annual UK budget statement – there will be no flurry of ‘supplementary statements’ with further small-print – issued by the Government the minute First Minister Alex Salmond concludes his speech in Glasgow. All the policies and proposals will be contained in the 670-page White Paper.

As reported last week in Scottish Energy News, most oil and gas sector business chiefs expect corporation tax to fall under an independent Scots government.

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