SCHEDULE 45Oil: miscellaneous amendments
OTA 1975
1
(1)
OTA 1975 is amended as follows.
(2)
Omit paragraphs 9 and 10 of Schedule 3 (election to have amounts mentioned in section 2(9)(b) and (c) spread).
(3)
In consequence of the omission of paragraph 9 of Schedule 3, omit section 9(4).
(4)
Omit paragraph 3 of Schedule 4 (allowable expenditure incurred before 13 November 1974).
(5)
The repeals made by this paragraph have effect in relation to chargeable periods beginning after 30 June 2009.
OTA 1983
2
(1)
OTA 1983 is amended as follows.
(2)
Omit section 9(3) and paragraph 3 of Schedule 3 (receipts from contracts made before 8 May 1982).
(3)
In consequence of the omission of subsection (3) of section 9—
(a)
in subsection (2) of that section, for “subsections (3) and (4)” substitute “
subsection (4)
”
, and
(b)
in subsection (4)(b) of that section, for “subsections (1) to (3)” substitute “
subsections (1) and (2)
”
.
(4)
Omit sections 13 and 14 and Schedule 5 (transitional provision for expenditure incurred on or before 31 December 1983).
FA 1993
3
(1)
Schedule 20A to FA 1993 (as inserted by Part 1 of Schedule 33 to FA 2008) is renumbered as Schedule 20B to that Act.
(2)
In the following provisions, for “Schedule 20A” substitute “
Schedule 20B
”
(a)
section 6(1A) of OTA 1975,
(b)
paragraph 15(9A) of Schedule 17 to FA 1980, and
(c)
section 185(1ZA)(b) of FA 1993.
ICTA
F14
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