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Finance Act 1987

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Changes to legislation:

There are currently no known outstanding effects for the Finance Act 1987, Paragraph 12A. Help about Changes to Legislation

[F112AU.K.For the purposes of section 61 and this Schedule—

(a)a reference to the proposed delivery month in relation to a proposed transaction is a reference to the month in which delivery is to take place,

(b)relevant delivery ” means a delivery of oil under a contract made at arm's length in respect of which there has been no effective nomination, and

(c)delivery proceeds ” means the price received for a relevant delivery. ]

Textual Amendments

F1 Sch. 10 para. 12A and cross-heading inserted (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(13)

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