SCHEDULES

SCHEDULE 37 U.K.Oil taxation: tax-exempt tariffing receipts and assets producing them

Part 1 U.K.Amendments of the Oil Taxation Act 1983 relating to allowable expenditure and disposal receipts

Expenditure incurred on long-term assets other than non-dedicated mobile assets U.K.

2 (1) Section 3 (expenditure incurred on long-term assets other than non-dedicated mobile assets) is amended as follows. U.K.

(2) In subsection (4) (whole of expenditure to be allowable, except as provided by the provisions there specified) for “section 4” substitute “ sections 3A and 4 ”.