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Finance Act 1987

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Changes over time for: Paragraph 12

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Changes to legislation:

There are currently no known outstanding effects for the Finance Act 1987, Paragraph 12. Help about Changes to Legislation

12[F1(1)If a person is a participator in two or more oil fields which, in relation to any blended oil, are or are included among the originating fields, then, in accordance with regulations made by the Board, he may make a nomination, having effect with respect to all the originating fields in which he is a participator, of a proposed sale F2... of the blended oil]; and the preceding provisions of this Schedule shall have effect in relation to such a nomination subject to such modifications as may be prescribed by regulations made by the Board.U.K.

[F1(2) In sub-paragraph (1) above “ blended oil ” and “ the originating fields ” have the same meaning as in section 63 of this Act. ]

Textual Amendments

F1Finance (No. 2) Act 1987 (c. 51, SIF 63:1), s. 101(1)(5) and Sch. 8 para. 6 for calendar months in chargeable periods beginning with March 1987

F2Words in Sch. 10 para. 12(1) repealed (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(12), Sch. 26 Pt. 5(2)

Modifications etc. (not altering text)

C1See S.I. 1987 No. 1338 (in Part III) regn. 19

C2See S.I. 1987 No. 1338 (in Part III) regn. 20

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