Finance Act 2012 (c. 14)

SCHEDULES

SCHEDULE 22 U.K. Reduction of supplementary charge for certain oil fields

Consequential amendments U.K.

18 (1) Part 8 of CTA 2010 (oil activities) is amended as follows. U.K.

(2) In section 270 (overview of Part)—

(a) in subsection (7), for “certain new oil fields” substitute “ eligible oil fields ”, and

(b) in subsection (8), for paragraph (c) substitute—

“(c) eligible oil field”, see section 357.”

(3) In section 330 (supplementary charge in respect of ring fence trades), in subsection (5), for “certain new oil fields” substitute “ eligible oil fields ”.

Commencement Information

I1 Sch. 22 para. 18 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2