Andrew Lister Email and Phone Number

I provide a range of tax advice and tax compliance services to principally companies that operate in the upstream sector of the oil industry in the UK. I have worked for oil companies since I started my career in 1994. While I mostly advise on UK corporate taxes I also work with colleagues oversees and manage international oil and gas transactions and have experience of a wide range of jurisdictions.

Corporate tax partner at RSM in the Gatwick Office. Provided tax services to a broad range of clients operating in varied business sectors.

• Refinancing of a major UK asset through the use of a tax efficient lease and leaseback transaction delivering tax savings of over $600m. Extensive implementation support and technical analysis, consultations with tax Counsel and navigating HMRC’s HRCP/TDRB process• Led the buyside tax due diligence and structuring work for work on a $1bn public acquisition in the engineering sector including leading the Latin America due diligence team • Led a significant project on the refinancing of a client’s South East Asian assets including liaising with local advisers, legal and accounting teams, financial modelers and local management• Pre sale restructuring and sell side advice for a UK business. A significant project with close working with the legal and accounting advisers • Tax due diligence and structuring work for a Global testing services group on a $500m acquisition of a UK headed multinational group• Assisting a privately owned global trading and commodities group on their acquisition, financing and structuring of a Caribbean mining and metals business• Tax advice, structuring and due diligence services to a Japanese conglomerate in respect of investment in a joint venture with a UK engineering and construction group• Acted as expert witness on a dispute in respect of interpretation of clauses in a finance agreement and tax cash flows• Tax due diligence of a European gas distribution network• Structuring and due diligence for an acquisition of a Danish wind farm project• Tax fact book preparation for a carve out of a business from a German utility• Tax due diligence and support for the privatisation of UK distribution assets• Tax vendor due diligence work on the sale of a UK power station• Acquisition of a commodity trading business from a major financial institution• Tax work for a Chinese oil company on their first significant investment in the UK

2007 to 2010: Associate Partner in KPMG’s Large Corporate Group• Led a global engagement to assist a Middle East company with $1bn IPO process including due diligence, refinancing and restructuring • Lead adviser to a European energy company on the $400m acquisition of North Sea assets covering SPA advice, model review, due diligence, structuring and financing • Structuring the expansion of a Japanese conglomerate’s commodity trading business covering PE risk and transfer pricing. International tax review of a reorganisation of their base and precious metals business • Lead tax advisor to the Department of Energy and Climate Change on the Carbon Capture and Storage initiative including model reviews, financing, costs deductibility and change of use• Lead adviser to a European utility on a acquisition in China including CFC and structuring advice• Tax due diligence and structuring advice to a European energy company on the potential acquisition of offshore transmissions assets • Advice to an oil super major on the global structuring of its biofuels investments

Corporate tax advisory role principally focused on UK and International structuring and M&A• Global tax adviser for a Kuwaiti headed group including a tax review of their interests in ten jurisdictions and transactional support• Confidential engagement for an oil major considering the acquisition of another oil major• Tax advice regarding the purchase by a European listed group of $3bn of UK oil interests including due diligence, SPA analysis and pre-transaction restructuring• Tax adviser on the development of a $2bn wind farm including capital allowance analysis, indirect tax and leasing issues• Tax audit work for a global mining group and support with the proposed acquisition of another global mining group2001-2002: Client secondment, European Tax Manager, MCI WorldCom: Reporting to Head of International Tax in the US, responsible for assessing tax risks, compliance, transfer pricing and M&A across Europe. Led tax work on European corporate structure consolidation1997-2001: Corporate tax advisor: Management of tax compliance, tax audit and UK tax advisory engagements. Managed the tax work on the £7bn acquisition by BAE Systems of Marconi Electronic Systems. Other clients included Honda, Vitec and Exodus Communications. Four month secondment to Booker plc as tax manager1997: Secondment to Moscow, Russia: Led the anlaysis of the application of FASB109 to Russian companies 1994-1997: Audit trainee: Joined KPMG as an ACA trainee. Clients included Bunzl, Enterprise Oil, Ahrend