Part 8Oil activities
F1Chapter 7REDUCTION OF SUPPLEMENTARY CHARGE FOR ELIGIBLE OIL FIELDS
Reduction of adjusted ring fence profits
333Reduction of adjusted ring fence profits
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Pool of field allowances
334Company's pool of field allowances
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335Carrying part of pool of field allowances into following period
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336Carrying whole of pool of field allowances into following period
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Field allowance: when held and unactivated amount
337Licensee to hold field allowance
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338Holding a field allowance on acquisition of equity share
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339Unactivated amount of field allowance
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Miscellaneous
348Adjustments
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349Orders
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Interpretation
349A“Additionally-developed oil field”
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350“New oil field”
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351“Authorisation of development of an oil field”
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352“Qualifying oil field”
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353“Small oil field”
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354“Ultra heavy oil field”
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355“Ultra high pressure/high temperature oil field”
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355A“Large deep water oil field”
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355B“Large shallow water gas field”
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355C“Deep water gas field”
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356“Total field allowance for a new oil field”
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356A“Total field allowance for an additionally-developed oil field”
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356AAOther definitions
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357Other definitions
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Pt. 8 Ch. 7 omitted (with effect in accordance with Sch. 12 para. 6-8 of the amending Act) by virtue of Finance Act 2015 (c. 11), Sch. 12 para. 3