286Petroleum extraction activities: exploration expenditure supplementU.K.
(1)Chapter 5 of Part 12 of the Taxes Act 1988 (petroleum extraction activities) is amended as follows.
(2)After section 496 (tariff receipts) insert—
“496AExploration expenditure supplement
Schedule 19B to this Act (exploration expenditure supplement) shall have effect.”.
(3)Before Schedule 20 insert the Schedule 19B set out in Schedule 38 to this Act.