101 Pipe-line elections.U.K.
(1)In subsection (1)(b) of section 233 of the M1Finance Act 1994 (relief for tariff receipts from participator in non-taxable field)—
(a)for “a participator in a non-taxable field” there shall be substituted “ any person ”, and
(b)for “in connection with that non-taxable field” there shall be substituted “ otherwise than in connection with a taxable field ”.
(2)Subsection (1) above applies to sums received or receivable in any chargeable period ending on or after 31st December 1999.