SCHEDULES

SCHEDULE 42 U.K.PRT: former licensees and former oil fields

Part 1 U.K.Persons who cease to be licensees because of cessation events

3 U.K.In Schedule 5 (allowance of expenditure other than abortive exploration expenditure), in paragraph 2C(2)—

(a) in the definition of “current participator”, after “paragraph (a),” insert “ (aa), ”, and

(b) in paragraph (b) of the definition of “former participator”, after “paragraph (a),” insert “ (aa), ”.