SCHEDULES

SCHEDULE 15 Amendments relating to oil exported directly from off-shore fields

M1THE OIL TAXATION ACT 1975

Annotations:
Marginal Citations

4

1

In Schedule 3, in paragraph 2 (market value of oil), in sub-paragraph (2)(e)(ii) after the words “United Kingdom", in the second place where they occur, there shall be inserted the words “ or another country ”.

2

In paragraph 7 of that Schedule (exclusion of off-shore oil in transit to place of first landing in United Kingdom)—

a

in the heading the words “in United Kingdom" shall be omitted; and

b

in sub-paragraph (a) after the words “United Kingdom" there shall be inserted “ or to the place referred to in section 3(1)(f)(ii) of this Act ”.