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Oil Taxation Act 1983

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Changes over time for: Paragraph 7

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There are currently no known outstanding effects for the Oil Taxation Act 1983, Paragraph 7. Help about Changes to Legislation

7(1)In relation to a foreign field, every half year beginning on or after 1st July 1982 shall be taken to be a chargeable period.U.K.

(2)In this paragraph “half year” has the same meaning as in section 1 of the principal Act.

(3)Any reference in this Schedule to the chargeable period to which any chargeable receipts of a participator in a foreign field are attributable is,—

(a)in the case of chargeable receipts falling within paragraph (c) of subsection (1) of the principal section, a reference to the chargeable period in which the disposal referred to in that paragraph occurs; and

(b)in any other case, a reference to the chargeable period in which the receipts are received or receivable by him.

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