SCHEDULES

SCHEDULE 33PRT: elections for oil fields to become non-taxable

Part 2Other amendments

Oil Taxation Act 1983

4

In section 9 of the Oil Taxation Act 1983 (c. 56) (tariff receipts allowance), in subsection (5)(a), for the words from “other than” to the end substitute

other than—

i

the principal field, or

ii

an oil field that is a non-taxable field by virtue of section 185(1) or (1A) of the Finance Act 1993.