Part 8Oil activities
Chapter 1Introduction
270Overview of Part
1
This Part is about the corporation tax treatment of oil activities.
2
Chapter 2 contains basic definitions used in this Part.
3
Chapter 3 treats oil-related activities as a separate trade.
4
Chapter 4 makes provision about the calculation of profits from oil activities.
5
Chapter 5 makes provision about ring fence expenditure supplement.
6
Chapter 6 makes provision about the supplementary charge in respect of ring fence trades.
7
Chapter 7 makes provision about the reduction of the supplementary charge for F1eligible oil fields.
8
For the meaning of—
a
“oil-related activities”, see section 274,
b
“ring fence trade”, see section 277, and
F2c
“eligible oil field”, see section 357.