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”.
Sch. 19B inserted (22.7.2004) by Finance Act 2004 (c. 12), s. 286(3), Sch. 38