SCHEDULES

SCHEDULE 45Oil: miscellaneous amendments

Section 91

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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