Finance Act 1973

2 U.K. The holder of any licence granted under [F1 Part 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 [F2 276 of the Taxation of Chargeable Gains Act 1992] [F3 , section 830 of the Taxes Act 1988 [F4 , section 874 of the Income Tax (Trading and Other Income) Act 2005 or section 1313 of the Corporation Tax Act 2009;]] and

(b) [F5 [F6 earnings or amounts treated as earnings which constitute employment income (see section 7(2)(a) or (b) of the Income Tax (Earnings and Pensions) Act 2003)] 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

F1 Words 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)

F2 Words 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)

F3 Words in Sch. 15 para. 2(a) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 388 (with Sch. 2)

F4 Words in Sch. 15 para. 2(a) substituted (1.4.2009 with effect in accordance with s. 1329(1)) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 312 (with Sch. 2 Pts. 1, 2)

F5 Words substituted by Finance Act 1978 (c. 42), s. 29(3) (for the year 1978-79 et seq.)

F6 Words in Sch. 15 para. 2(b) substituted (6.4.2003 with effect in accordance with s. 723(1)(a)(b)) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 6 para. 145 (with Sch. 7)