Payments to governments
|Licence, rental and entry fees||1,475||1,033||330|
|Corporate Income Tax||(66,000)||(51,865)||(35,468)|
|Withholding tax withheld on payments to group companies||4,029||333||0|
|PAYE and NI||16,069||18,009||18,559|
|Withholding tax withheld on payments to third parties||28,051||10,095||4,244|
|Licence, rental and entry fees:|
|Corporate income tax:|
|Withholding tax withheld on payments to group companies:|
|PAYE and NI:|
|Withholding tax withheld on payments to third parties:|
Note: Data has been provided for individual countries where relevant payments have been made.
Note: We disclose gross payments for assets that we operate and net payments for our non-operated assets.
Note: Negative figures reflect refunds received. These figures represent a net of payments and refunds.
Cairn reports these figures in support of two transparency initiatives, namely the European Union Accounting Directive and the Extractive Industries Transparency Initiative (EITI). The figures include both payments to government included in our EITI reporting, such as corporate income tax, licence fees and withholding tax suffered, and additional payments made including VAT and payroll taxes and social security costs.
|2012||2013||2014||2015||2016||(£ pounds sterling)|
|Money paid to political parties and institutions||0||0||0||0||0|
|Monetary value of significant fines||(£’000 pounds sterling)||0||0||0||0||0|
Note: * Cairn filed VAT/withholding tax returns late on four occasions in Morocco in 2015, it incurred penalties of $0.4MM, the equivalent of approximately 26% of tax payment when it was acting on its own behalf and as agent on behalf of its suppliers. The vast majority of this assessment ($0.4MM) arose as a result of late filling of annual tax summaries for 2013 and 2014.