2U.K.The holder of any licence granted under [F1Part I of the Petroleum Act 1998] shall, if required to do so by a notice served on him by an inspector, give to the inspector within the time limited by the notice (which shall not be less than thirty days) such particulars as may be required by the notice of—
(a)transactions in connection with activities authorised by the licence as a result of which any person is or might be liable to tax by virtue of section [F2276 of the Taxation of Chargeable Gains Act 1992][F3or section 830 of the Taxes Act 1988]; and
(b)[F4emoluments or other payments paid or payable in respect of duties or services] performed in an area in which those activities may be carried on under the licence and the persons to whom they were paid or are payable;
and shall take reasonable steps to obtain the information necessary to enable him to comply with the notice.
Textual Amendments
F1Words in Sch. 15 para. 2 substituted (15.2.1999) by 1998 c. 17, s. 50, Sch. 4 para. 5 (with Sch. 3 para. 5(1)); S.I. 1999/161, art. 2(1)
F2Words in Sch. 15 para. 2 substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by virtue of Taxation of Chargeable Gains Act 1992 (c. 12), ss. 289, 290, Sch. 10, para. 3(2)
F3Words substituted by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), Sch. 29 para. 32
F4Words substituted by Finance Act 1978 (c. 42), s. 29(3) (for the year 1978-79 et seq.)