Finance Act 1987

Section 63.

SCHEDULE 12 U.K. Supplementary Provisions as to Blended Oil

[F1 Interpretation] U.K.

Textual Amendments

F1 Sch. 12 paras. 1, 2 and cross-headings substituted (with effect in accordance with Sch. 39 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 39 para. 3(2)

[F1 1 (1) In this Schedule— U.K.

• “HMRC” means Her Majesty's Revenue and Customs;

• “method of allocation” means a method for making an allocation of blended oil for the purposes of section 63 that has been selected by the participators in the originating fields (including such a method that has been amended in accordance with this Schedule).

(2) In this Schedule a reference to a suitable method of allocation is a reference to a method which secures that allocation of blended oil is just and reasonable (for the purposes of the oil taxation legislation).]

[F1 Method of allocation not suitable] U.K.

[F1 2 (1) This paragraph applies if it appears to HMRC that— U.K.

(a) a method of allocation that has been used in respect of a chargeable period was not suitable, or

(b) a method of allocation that is proposed to be used in respect of a chargeable period would not be suitable.

(2) HMRC may give notice to each of the participators in the originating fields—

(a) informing the participators of what appears to HMRC to be the case, and

(b) proposing amendments to the method of allocation.

(3) If HMRC give notice, the allocation of the blended oil for the purposes of section 63 in respect of the chargeable period is to be redetermined, or determined, using the method of allocation as amended in accordance with the notice.

(4) Sub-paragraph (3) is subject to—

(a) the following provisions of this Schedule,

(b) any subsequent notice given under this paragraph, and

(c) any amendment to the method of allocation made by the participators in the originating fields.]

Appeals U.K.

3 (1) Where [F2 HMRC] give notice to the participators in the originating fields under [F3 paragraph 2(2)] above, any of those participators may appeal F4 ... against the notice by giving notice in writing to [F2 HMRC] within thirty days after the date of the notice given by [F2 HMRC]. U.K.

(2) Where notice of appeal is given under sub-paragraph (1) above—

(a) [F5 HMRC] shall give notice in writing to all those participators in the originating fields who have not given notice of appeal and they shall, by virtue of that notice, become parties to the appeal F6 ....

(b) if, before the determination of the appeal by the [F7 tribunal], [F5 HMRC] and the participators in the originating fields agree that the method of allocation concerned should not be amended or should have effect with particular amendments, the same consequences shall ensue as if the [F7 tribunal] had determined the appeal to that effect;

(c) [F8 if, on an appeal notified to the tribunal, it appears to the tribunal] that the method of allocation concerned is satisfactory, with or without modifications, for the purposes of the oil taxation legislation [F9 the tribunal] shall allow the appeal and, where appropriate, shall amend the method of allocation accordingly for those purposes; and

[F10 (d) paragraphs 14(2), (8) and (11) and 14A to 14I of Schedule 2 to the principal Act shall apply in relation to the appeal as they apply in relation to an appeal against an assessment or determination made under that Act subject to the following modifications—

(i) any reference to an agreement under paragraph 14(9) shall be construed as a reference to an agreement under sub-paragraph (2)(b) above;

(ii) any other modifications that are necessary.]

[F11 (3) If the method of allocation is amended in accordance with this paragraph, the allocation of the blended oil for the purposes of section 63 in respect of the chargeable period is to be redetermined, or determined, using the method of allocation as so amended.

(4) Sub-paragraph (3) is subject to—

(a) any subsequent notice given under this paragraph, and

(b) any amendment to the method of allocation made by the participators in the originating fields.]

Textual Amendments

F2 Word in Sch. 12 para. 3(1) substituted (with effect in accordance with Sch. 39 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 39 para. 3(3)(a)

F3 Words in Sch. 12 para. 3(1) substituted (with effect in accordance with Sch. 39 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 39 para. 3(3)(b)

F4 Words in Sch. 12 para. 3(1) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 130(2)

F5 Word in Sch. 12 para. 3(2) substituted (with effect in accordance with Sch. 39 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 39 para. 3(4)

F6 Words in Sch. 12 para. 3(2)(a) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 130(3)(a)

F7 Word in Sch. 12 para. 3(2)(b) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 130(3)(b)

F8 Words in Sch. 12 para. 3(2)(c) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 130(4)(a)

F9 Words in Sch. 12 para. 3(2)(c) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 130(4)(b)

F10 Sch. 12 para. 3(2)(d) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 130(5)

F11 Sch. 12 para. 3(3)(4) inserted (with effect in accordance with Sch. 39 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 39 para. 3(5)

F12 4 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F12 Sch. 12 para. 4 omitted (with effect in accordance with Sch. 39 para. 4 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 39 para. 3(6)