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 4 U.K. Post-commencement supplement

Amount of post-commencement supplement for a post-commencement period U.K.

16 (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.

(2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.

(3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.