SCHEDULES
SCHEDULE 44Supplementary charge: reduction for certain new oil fields
Part 7Miscellaneous
16Adjustments
If there is any alteration in a company’s adjusted ring fence profits for an accounting period after this Schedule has had effect in relation to the profits, any necessary adjustments to the operation of this Schedule (whether in relation to the profits or otherwise) are to be made (including any necessary adjustments to the effect of Part 1 on the profits or to the calculation of the company’s pool of field allowances for a subsequent accounting period).
17Orders
1
The Commissioners for Her Majesty’s Revenue and Customs may by order make provision about the oil fields that are qualifying oil fields for the purposes of this Schedule.
2
The Commissioners for Her Majesty’s Revenue and Customs may by order make provision about the amount of the total field allowance for any description of new oil field (whether or not provision has been made under sub-paragraph (1) about that description of new oil field).
3
An order under this paragraph may, in particular, amend any or all of paragraphs 20 to 24.
4
An order under this paragraph is to be made by statutory instrument.
5
No order may be made under this paragraph unless a draft of the instrument containing it has been laid before, and approved by a resolution of, the House of Commons.