SCHEDULES

SCHEDULE 18 U.K.Oil taxation: market value of oil

Part 1 U.K.Amendments of the Oil Taxation Act 1975

Interpretation U.K.

4 (1) In section 12 (interpretation of Part 1 of the Act) subsection (1) (general definitions) is amended as follows. U.K.

(2) Insert each of the following definitions at the appropriate place—

• ““business day” has the same meaning as in the Bills of Exchange Act 1882;”;

• “Category 1 oil” and “Category 2 oil” have the meaning given by paragraph 2(1B) of Schedule 3 to this Act;”.

(3) For the definition of “calendar month” substitute—

““calendar month” (where those words are used) means a month of the calendar year;”.