Income and Corporation Taxes Act 1988 (c. 1)

SCHEDULES

Valid from 19/07/2006

SCHEDULE 19C U.K. Petroleum extraction activities: ring fence expenditure supplement

Part 3 U.K. Pre-commencement supplement

The reference amount for a pre-commencement period U.K.

13 For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—

(a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but

(b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.