Oil & Gas
Providing Energy for the Future
This is where energy begins.
We specialise in finding an appropriate provider of the necessary payroll services for you, whether you are in the upstream, midstream, or downstream industries. Because contractors working on the UKCS (United Kingdom Continental Shelf) were not subject to UK taxation when oil was first drilled, the law was changed to ensure that if you work on the UKCS (United Kingdom Continental Shelf), you will be subject to the same UK taxes as someone doing the same job onshore.
Oil has never looked better as a nation's asset.
Only those who are deemed mariners, that is, those who work on a sea vessel for more than 183 days a year and have a visa into a foreign port, will be exempt (such as sea surveys). Working for a new company as an employee on PAYE pay, whether onshore or offshore, is one possibility, but there are also other choices for construction employees, such as joining an umbrella company. We understand your demands, whether you’re in exploration, design & construction, or installation, and we’ll help you make an informed tax decision so you can take control of your future in your industry.
Exel Consultancy examines the benefits and drawbacks of each option to assist employees at a career crossroads in the oil and gas industry in remaining compliant with HMRC requirements throughout their careers.
