8(1)Schedule 19B (petroleum extraction activities: exploration expenditure supplement) is amended as follows.U.K.
(2)In paragraph 1 (provision about the Schedule), in sub-paragraph (7)(b), after “section 393A” insert “ or 393B ”.
(3)In paragraph 17 (ring fence losses and qualifying E&A losses), in sub-paragraph (2)—
(a)the words after “assumed” become sub-paragraph (a), and
(b)at the end of that sub-paragraph insert “and—
(b)that (where appropriate) section 393B applies in relation to every such claim.”