SCHEDULES

F2SCHEDULE 19BPetroleum extraction activities: exploration expenditure supplement

Annotations:
Amendments (Textual)

Part 2Application and interpretation

2Qualifying companies

This Schedule applies in relation to any company which—

a

carries on a ring fence trade, or

b

is engaged in oil and gas exploration and appraisal (see section 837B F1of this Act and section 1003 of ITA 2007) with a view to carrying on a ring fence trade,

and in this Schedule any such company is referred to as a “qualifying company”.