SCHEDULES

C1SCHEDULE 2 Management and Collection of Petroleum Revenue Tax

Annotations:
Modifications etc. (not altering text)
C1

See Oil Taxation Act 1983 (c. 56), Sch. 4 para. 14 for application of Sch. 2 to tax chargeable only by virtue of the provisions of s. 12 and Sch. 4 of that Act

F1Participator requires review by HMRC

Annotations:
Amendments (Textual)

C11C10C9C8C7C6C5C4C3C214B

1

Sub-paragraphs (2) and (3) apply if the participator notifies HMRC that the participator requires HMRC to review the matter in question.

2

HMRC must, within the relevant period, notify the participator of HMRC’s view of the matter in question.

3

HMRC must review the matter in question in accordance with paragraph 14E.

4

The participator may not notify HMRC that the participator requires HMRC to review the matter in question and HMRC shall not be required to conduct a review if—

a

the participator has already given a notification under this paragraph in relation to the matter in question,

b

HMRC have given a notification under paragraph 14C in relation to the matter in question, or

c

the participator has notified the appeal to the tribunal under paragraph 14D.

5

In this paragraph “relevant period” means—

a

the period of 30 days beginning with the day on which HMRC receive the notification from the participator, or

b

such longer period as is reasonable.