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Act modified (27.7.1993) by 1993 c. 34, s. 191(1)(2)

Act wholly in force at Royal Assent

General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) but not against each Act

http://www.legislation.gov.uk/ukpga/1983/56/contentsOil Taxation Act 1983An Act to vary the reliefs available for certain expenditure incurred in connection with assets used or to be used in connection with oil fields; to bring into charge to petroleum revenue tax certain sums received or receivable in respect of such assets and of certain other assets situated in the United Kingdom, the territorial sea thereof or a designated area, within the meaning of the Continental Shelf Act 1964; to amend Part II of the Oil Taxation Act 1975 in relation to sums so received or receivable; and for connected purposes.1991-02-01texttext/xmlenStatute Law Database2024-05-03Expert Participation2010-04-01Oil Taxation Act 1983 Reliefs for expenditure1 Expenditure incurred on non-dedicated mobile assets.2 Dedicated mobile assets.3 Expenditure incurred on long-term assets other than non-dedicated mobile assets.3AExclusion from section 3(4) of expenditure on assets giving rise to tax-exempt tariffing receipts4 Expenditure related to exempt gas and deballasting.5 Miscellaneous amendments relating to reliefs. Charge of receipts6 Chargeable tariff receipts.6ATax-exempt tariffing receipts6BThe condition for being a qualifying existing field7 Chargeable receipts from disposals.7AReduction of disposal receipts: use giving rise to tax-exempt tariffing receipts8 Qualifying assets. 9 Tariff receipts allowance.10 Returns relating to tariff and disposal receipts.11 Charge of receipts12 Charge of receipts attributable to U.K. use of foreign field asset. Supplementary13 Transitional provisions.14 Re-opening of decisions for periods before the passing of this Act.15 Short title, interpretation, construction and repeals. SCHEDULESSCHEDULE 1 Allowable ExpenditurePart I Extensions of Allowable Expenditure for Assets Generating Receipts Associated assets1(1) This paragraph applies where, after 30th June 1982, a... Restriction of relief for remote associated assets2(1) The provisions of this paragraph apply where some part... Assets no longer in use for the principal field3(1) This paragraph applies where— (a) a participator in an...Part II Special Rules as to Expenditure Allowable in Respect of Fixed Assets and Dedicated Mobile Assets Interpretation4In this Part of this Schedule— “allowable expenditure” means expenditure... Assets acquired etc. for two or more fields5(1) Subject to sub-paragraphs (2) and (3) below, where the...6(1) In any case where— (a) the new asset is... Brought-in assets7(1) The provisions of this paragraph apply where— Subsequent use of new asset otherwise than in connection with a taxable field8(1) Subject to sub-paragraph (3) below,— (a) if at any... Mobile assets becoming dedicated assets9(1) Subject to sub-paragraph (2) below, where any expenditure in...SCHEDULE 2 Supplemental Provisions as to Receipts from Qualifying Assets Interpretation1(1) Any reference in this Schedule to the use of... Consideration received by connected persons under avoidance schemes2(1) This paragraph applies if consideration in respect of the... Apportionment of consideration in respect of use or disposal3In any case where— (a) consideration received or receivable by... Cases where all the oil is disregarded under section 10 of the principal Act4(1) This paragraph applies in any case where, in computing... Acquisition otherwise than at arm’s length: limit on tariff and disposal receipts5(1) In any case where— (a) in a transaction to... Transfer of interests in fields6In paragraph 19 of Schedule 17 to the Finance Act... Insurance and compensation payments7Any payment by way of insurance or compensation in respect... Dedicated mobile assets ceasing to be used in connection with participator’s oil field8(1) This paragraph applies in any case where— Disposal receipts in respect of brought-in assets9If paragraph 7(4) of Schedule 1 to this Act applies... Disposal receipts: assets used for deballasting10In any case where— (a) section 4(2) of this Act... Use by connected or associated person: avoidance devices11(1) This paragraph applies in any case where— Purchase at place of extraction12(1) Subject to sub-paragraphs (4) to (6) below, in any...SCHEDULE 3 Tariff Receipts Allowance The participator’s share1(1) In this Schedule— “the principal section” means section 9...2(1) Subject to paragraphs 3 and 6 below, where an...3(1) This paragraph applies where, for a chargeable period ending... Qualifying tariff receipts referable to different periods4(1) This paragraph applies if any qualifying tariff receipts which...5(1) For the purpose of calculating the reduction referred to...6(1) In any case where— (a) there are normal qualifying...SCHEDULE 4 Receipts Attributable to United Kingdom Use of Foreign Field Assets Interpretation1In this Schedule— (a) “the principal section” means section 12... Chargeable receipts2A participator in a foreign field is chargeable to tax...3(1) Subject to sub-paragraph (2) below, a field asset is...4(1) Consideration falling within subsection (1) of the principal section...5(1) Schedule 2 to this Act, except paragraphs 4 and...6(1) Subject to sub-paragraph (2) below, the chargeable receipts of... The charge to tax7(1) In relation to a foreign field, every half year...8(1) For each chargeable period of a foreign field beginning...9(1) Subject to sub-paragraph (2) below,— (a) the principal Act,... Expenditure relief10(1) For the purpose of the determination referred to in...11(1) In the following provisions of this Schedule expenditure which... Claims for expenditure relief12In relation to a claim for the allowance of any... The responsible person13In relation to a foreign field, paragraph 4 of Schedule... Management and collection14(1) In its application to tax chargeable only by virtue... Payment on account15In its application to tax chargeable only as mentioned in... Income and corporation taxes16(1) Section 11 of this Act shall have effect as...SCHEDULE 5 Transitional Provisions Interpretation1 Transitional Provisions Review for transitional claim period2 Transitional Provisions No further reviews after the transitional claim period3 Transitional Provisions Assets giving rise to tariff receipts4 Transitional Provisions Re-opening past claim periods and chargeable periods5 Transitional Provisions Expenditure on associated assets6 Transitional Provisions Other claims for past expenditure7 Transitional ProvisionsSCHEDULE 6 Repeals

Oil Taxation Act 1983

1983 c. 56

An Act to vary the reliefs available for certain expenditure incurred in connection with assets used or to be used in connection with oil fields; to bring into charge to petroleum revenue tax certain sums received or receivable in respect of such assets and of certain other assets situated in the United Kingdom, the territorial sea thereof or a designated area, within the meaning of the Continental Shelf Act 1964; to amend Part II of the Oil Taxation Act 1975 in relation to sums so received or receivable; and for connected purposes.

[1st December 1983]

Most Gracious Sovereign,WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to make the provision hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

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<note class="commentary C" eId="c7568911">
<p>
Act restricted (27.7.1993) by
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/34">1993 c. 34</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/34/section/185/3">s. 185(3)</ref>
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<p>
Act restricted (27.7.1993) by
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/34">1993 c. 34</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/34/section/185/4/d/e">s. 185(4)(d)(e)</ref>
</p>
<p>
Act modified (27.7.1993) by
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/34">1993 c. 34</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/34/section/191/1/2">s. 191(1)(2)</ref>
</p>
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<p>Act wholly in force at Royal Assent</p>
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<note class="commentary X" eId="c7568931">
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General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against
<ref href="http://www.legislation.gov.uk/id/ukpga/1988/1">Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)</ref>
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<toc>
<tocItem level="0" class="title" href="">Oil Taxation Act 1983</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/crossheading/reliefs-for-expenditure" level="1" class="heading">
<inline name="tocHeading"> Reliefs for expenditure</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/1" level="2" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading"> Expenditure incurred on non-dedicated mobile assets.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/2" level="2" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading"> Dedicated mobile assets.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/3" level="2" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading"> Expenditure incurred on long-term assets other than non-dedicated mobile assets.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/3A" level="2" class="item">
<inline name="tocNum">3A</inline>
<inline name="tocHeading">Exclusion from section 3(4) of expenditure on assets giving rise to tax-exempt tariffing receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/4" level="2" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading"> Expenditure related to exempt gas and deballasting.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/5" level="2" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading"> Miscellaneous amendments relating to reliefs.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/crossheading/charge-of-receipts" level="1" class="heading">
<inline name="tocHeading"> Charge of receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/6" level="2" class="item" period="#period1">
<inline name="tocNum">6</inline>
<inline name="tocHeading"> Chargeable tariff receipts.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/6A" level="2" class="item">
<inline name="tocNum">6A</inline>
<inline name="tocHeading">Tax-exempt tariffing receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/6B" level="2" class="item">
<inline name="tocNum">6B</inline>
<inline name="tocHeading">The condition for being a qualifying existing field</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/7" level="2" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading"> Chargeable receipts from disposals.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/7A" level="2" class="item">
<inline name="tocNum">7A</inline>
<inline name="tocHeading">Reduction of disposal receipts: use giving rise to tax-exempt tariffing receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/8" level="2" class="item">
<inline name="tocNum">8</inline>
<inline name="tocHeading"> Qualifying assets. </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/9" level="2" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading"> Tariff receipts allowance.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/10" level="2" class="item">
<inline name="tocNum">10</inline>
<inline name="tocHeading"> Returns relating to tariff and disposal receipts.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/11" level="2" class="item">
<inline name="tocNum">11</inline>
<inline name="tocHeading"> Charge of receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/12" level="2" class="item">
<inline name="tocNum">12</inline>
<inline name="tocHeading">
Charge of receipts attributable to
<abbr class="Acronym" title="United Kingdom">U.K.</abbr>
use of foreign field asset.
</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/crossheading/supplementary" level="1" class="heading">
<inline name="tocHeading"> Supplementary</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/13" level="2" class="item">
<inline name="tocNum">13</inline>
<inline name="tocHeading"> Transitional provisions.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/14" level="2" class="item">
<inline name="tocNum">14</inline>
<inline name="tocHeading"> Re-opening of decisions for periods before the passing of this Act.</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/section/15" level="2" class="item" period="#period1">
<inline name="tocNum">15</inline>
<inline name="tocHeading"> Short title, interpretation, construction and repeals.</inline>
</tocItem>
<tocItem href="" level="1" class="schedules">
<inline name="tocHeading"> SCHEDULES</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 1</inline>
<inline name="tocHeading"> Allowable Expenditure</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/I" level="3" class="part">
<inline name="tocNum">Part I</inline>
<inline name="tocHeading"> Extensions of Allowable Expenditure for Assets Generating Receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/I/crossheading/associated-assets" level="4" class="heading">
<inline name="tocHeading"> Associated assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/1" level="5" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">(1) This paragraph applies where, after 30th June 1982, a...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/I/crossheading/restriction-of-relief-for-remote-associated-assets" level="4" class="heading">
<inline name="tocHeading"> Restriction of relief for remote associated assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/2" level="5" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">(1) The provisions of this paragraph apply where some part...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/I/crossheading/assets-no-longer-in-use-for-the-principal-field" level="4" class="heading">
<inline name="tocHeading"> Assets no longer in use for the principal field</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/3" level="5" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">(1) This paragraph applies where— (a) a participator in an...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/II" level="3" class="part">
<inline name="tocNum">Part II</inline>
<inline name="tocHeading">
Special Rules as to Expenditure Allowable in R
<em>espect of Fixed Assets and Dedicated Mobile Assets</em>
</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/II/crossheading/interpretation" level="4" class="heading">
<inline name="tocHeading"> Interpretation</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/4" level="5" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">In this Part of this Schedule— “allowable expenditure” means expenditure...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/II/crossheading/assets-acquired-etc-for-two-or-more-fields" level="4" class="heading">
<inline name="tocHeading">
Assets acquired
<abbr title="et cetera" xml:lang="la">etc.</abbr>
for two or more fields
</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/5" level="5" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">(1) Subject to sub-paragraphs (2) and (3) below, where the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/6" level="5" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">(1) In any case where— (a) the new asset is...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/II/crossheading/broughtin-assets" level="4" class="heading">
<inline name="tocHeading"> Brought-in assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/7" level="5" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading">(1) The provisions of this paragraph apply where— </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/II/crossheading/subsequent-use-of-new-asset-otherwise-than-in-connection-with-an-oil-field" level="4" class="heading">
<inline name="tocHeading"> Subsequent use of new asset otherwise than in connection with a taxable field</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/8" level="5" class="item" period="#period1">
<inline name="tocNum">8</inline>
<inline name="tocHeading">(1) Subject to sub-paragraph (3) below,— (a) if at any...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/part/II/crossheading/mobile-assets-becoming-dedicated-assets" level="4" class="heading">
<inline name="tocHeading"> Mobile assets becoming dedicated assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/1/paragraph/9" level="5" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading">(1) Subject to sub-paragraph (2) below, where any expenditure in...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 2</inline>
<inline name="tocHeading"> Supplemental Provisions as to Receipts from Qualifying Assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/interpretation" level="3" class="heading">
<inline name="tocHeading"> Interpretation</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/1" level="4" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">(1) Any reference in this Schedule to the use of...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/consideration-received-by-connected-persons-under-avoidance-schemes" level="3" class="heading">
<inline name="tocHeading"> Consideration received by connected persons under avoidance schemes</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/2" level="4" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">(1) This paragraph applies if consideration in respect of the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/apportionment-of-consideration-in-respect-of-use-or-disposal" level="3" class="heading">
<inline name="tocHeading"> Apportionment of consideration in respect of use or disposal</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/3" level="4" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">In any case where— (a) consideration received or receivable by...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/cases-where-all-the-oil-is-disregarded-under-section-10-of-the-principal-act" level="3" class="heading">
<inline name="tocHeading"> Cases where all the oil is disregarded under section 10 of the principal Act</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/4" level="4" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">(1) This paragraph applies in any case where, in computing...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/acquisition-otherwise-than-at-arms-length-limit-on-tariff-and-disposal-receipts" level="3" class="heading">
<inline name="tocHeading"> Acquisition otherwise than at arm’s length: limit on tariff and disposal receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/5" level="4" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">(1) In any case where— (a) in a transaction to...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/transfer-of-interests-in-fields" level="3" class="heading">
<inline name="tocHeading"> Transfer of interests in fields</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/6" level="4" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">In paragraph 19 of Schedule 17 to the Finance Act...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/insurance-and-compensation-payments" level="3" class="heading">
<inline name="tocHeading"> Insurance and compensation payments</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/7" level="4" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading">Any payment by way of insurance or compensation in respect...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/dedicated-mobile-assets-ceasing-to-be-used-in-connection-with-participators-oil-field" level="3" class="heading">
<inline name="tocHeading"> Dedicated mobile assets ceasing to be used in connection with participator’s oil field</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/8" level="4" class="item">
<inline name="tocNum">8</inline>
<inline name="tocHeading">(1) This paragraph applies in any case where— </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/disposal-receipts-in-respect-of-broughtin-assets" level="3" class="heading">
<inline name="tocHeading"> Disposal receipts in respect of brought-in assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/9" level="4" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading">If paragraph 7(4) of Schedule 1 to this Act applies...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/disposal-receipts-assets-used-for-deballasting" level="3" class="heading">
<inline name="tocHeading"> Disposal receipts: assets used for deballasting</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/10" level="4" class="item">
<inline name="tocNum">10</inline>
<inline name="tocHeading">In any case where— (a) section 4(2) of this Act...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/use-by-connected-or-associated-person-avoidance-devices" level="3" class="heading">
<inline name="tocHeading"> Use by connected or associated person: avoidance devices</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/11" level="4" class="item" period="#period1">
<inline name="tocNum">11</inline>
<inline name="tocHeading">(1) This paragraph applies in any case where— </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/crossheading/purchase-at-place-of-extraction" level="3" class="heading">
<inline name="tocHeading"> Purchase at place of extraction</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/2/paragraph/12" level="4" class="item" period="#period1">
<inline name="tocNum">12</inline>
<inline name="tocHeading">(1) Subject to sub-paragraphs (4) to (6) below, in any...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 3</inline>
<inline name="tocHeading"> Tariff Receipts Allowance</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/crossheading/the-participators-share" level="3" class="heading">
<inline name="tocHeading"> The participator’s share</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/paragraph/1" level="4" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">(1) In this Schedule— “the principal section” means section 9...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/paragraph/2" level="4" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">(1) Subject to paragraphs 3 and 6 below, where an...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/paragraph/3" level="4" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">(1) This paragraph applies where, for a chargeable period ending...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/crossheading/qualifying-tariff-receipts-referable-to-different-periods" level="3" class="heading">
<inline name="tocHeading"> Qualifying tariff receipts referable to different periods</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/paragraph/4" level="4" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">(1) This paragraph applies if any qualifying tariff receipts which...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/paragraph/5" level="4" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">(1) For the purpose of calculating the reduction referred to...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/3/paragraph/6" level="4" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">(1) In any case where— (a) there are normal qualifying...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 4</inline>
<inline name="tocHeading"> Receipts Attributable to United Kingdom Use of Foreign Field Assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/interpretation" level="3" class="heading">
<inline name="tocHeading"> Interpretation</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/1" level="4" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">In this Schedule— (a) “the principal section” means section 12...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/chargeable-receipts" level="3" class="heading">
<inline name="tocHeading"> Chargeable receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/2" level="4" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">A participator in a foreign field is chargeable to tax...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/3" level="4" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">(1) Subject to sub-paragraph (2) below, a field asset is...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/4" level="4" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">(1) Consideration falling within subsection (1) of the principal section...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/5" level="4" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">(1) Schedule 2 to this Act, except paragraphs 4 and...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/6" level="4" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">(1) Subject to sub-paragraph (2) below, the chargeable receipts of...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/the-charge-to-tax" level="3" class="heading">
<inline name="tocHeading"> The charge to tax</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/7" level="4" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading">(1) In relation to a foreign field, every half year...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/8" level="4" class="item">
<inline name="tocNum">8</inline>
<inline name="tocHeading">(1) For each chargeable period of a foreign field beginning...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/9" level="4" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading">(1) Subject to sub-paragraph (2) below,— (a) the principal Act,...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/expenditure-relief" level="3" class="heading">
<inline name="tocHeading"> Expenditure relief</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/10" level="4" class="item">
<inline name="tocNum">10</inline>
<inline name="tocHeading">(1) For the purpose of the determination referred to in...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/11" level="4" class="item">
<inline name="tocNum">11</inline>
<inline name="tocHeading">(1) In the following provisions of this Schedule expenditure which...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/claims-for-expenditure-relief" level="3" class="heading">
<inline name="tocHeading"> Claims for expenditure relief</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/12" level="4" class="item">
<inline name="tocNum">12</inline>
<inline name="tocHeading">In relation to a claim for the allowance of any...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/the-responsible-person" level="3" class="heading">
<inline name="tocHeading"> The responsible person</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/13" level="4" class="item">
<inline name="tocNum">13</inline>
<inline name="tocHeading">In relation to a foreign field, paragraph 4 of Schedule...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/management-and-collection" level="3" class="heading">
<inline name="tocHeading"> Management and collection</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/14" level="4" class="item">
<inline name="tocNum">14</inline>
<inline name="tocHeading">(1) In its application to tax chargeable only by virtue...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/payment-on-account" level="3" class="heading">
<inline name="tocHeading"> Payment on account</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/15" level="4" class="item">
<inline name="tocNum">15</inline>
<inline name="tocHeading">In its application to tax chargeable only as mentioned in...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/crossheading/income-and-corporation-taxes" level="3" class="heading">
<inline name="tocHeading"> Income and corporation taxes</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/16" level="4" class="item">
<inline name="tocNum">16</inline>
<inline name="tocHeading">(1) Section 11 of this Act shall have effect as...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 5</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/crossheading/interpretation" level="3" class="heading">
<inline name="tocHeading"> Interpretation</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/paragraph/1" level="4" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/crossheading/review-for-transitional-claim-period" level="3" class="heading">
<inline name="tocHeading"> Review for transitional claim period</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/paragraph/2" level="4" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/crossheading/no-further-reviews-after-the-transitional-claim-period" level="3" class="heading">
<inline name="tocHeading"> No further reviews after the transitional claim period</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/paragraph/3" level="4" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/crossheading/assets-giving-rise-to-tariff-receipts" level="3" class="heading">
<inline name="tocHeading"> Assets giving rise to tariff receipts</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/paragraph/4" level="4" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/crossheading/reopening-past-claim-periods-and-chargeable-periods" level="3" class="heading">
<inline name="tocHeading"> Re-opening past claim periods and chargeable periods</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/paragraph/5" level="4" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/crossheading/expenditure-on-associated-assets" level="3" class="heading">
<inline name="tocHeading"> Expenditure on associated assets</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/paragraph/6" level="4" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/crossheading/other-claims-for-past-expenditure" level="3" class="heading">
<inline name="tocHeading"> Other claims for past expenditure</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/5/paragraph/7" level="4" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading"> Transitional Provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/ukpga/1983/56/schedule/6" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 6</inline>
<inline name="tocHeading"> Repeals</inline>
</tocItem>
</toc>
</coverPage>
<preface eId="preface">
<p class="title">
<shortTitle>Oil Taxation Act 1983</shortTitle>
</p>
<p class="number">
<docNumber>1983 c. 56</docNumber>
</p>
<longTitle>
<p>An Act to vary the reliefs available for certain expenditure incurred in connection with assets used or to be used in connection with oil fields; to bring into charge to petroleum revenue tax certain sums received or receivable in respect of such assets and of certain other assets situated in the United Kingdom, the territorial sea thereof or a designated area, within the meaning of the Continental Shelf Act 1964; to amend Part II of the Oil Taxation Act 1975 in relation to sums so received or receivable; and for connected purposes.</p>
</longTitle>
<p class="DateOfEnactment">
<docDate date="1983-12-01">[1st December 1983]</docDate>
</p>
</preface>
<preamble>
<p>
<noteRef href="#c7568911" marker="C1" class="commentary C"/>
<noteRef href="#c7568921" marker="I1" class="commentary I"/>
<noteRef href="#c7568931" marker="X1" class="commentary X"/>
Most Gracious Sovereign,WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to make the provision hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
</p>
</preamble>
<body/>
</act>
</akomaNtoso>