SCHEDULES

SCHEDULE 44 Supplementary charge: reduction for certain new oil fields

Part 2 Pool of field allowances

Carrying part of pool of field allowances into following period

3 (1) This paragraph applies if—

(a) a company has a pool of field allowances for an accounting period (“accounting period 1”), and

(b) the company’s adjusted ring fence profits for accounting period 1 are reduced to nil in accordance with paragraph 1(2).

(2) A part of the company’s pool of field allowances for accounting period 1 is to be carried into the following accounting period (“accounting period 2”).

(3) The part to be carried into accounting period 2 is—

F - P

where—

• F is the amount of the company’s pool of field allowances for accounting period 1, and

• P is the amount of the adjusted ring fence profits for accounting period 1.