Part 8 Oil activities

Chapter 5 Ring fence expenditure supplement

Application and interpretation

310 The relevant percentage
(1) For the purposes of this Chapter, the relevant percentage for an accounting period is 10%.
Figure in s. 310(1) substituted (with effect in accordance with art. 1(2) of the amending S.I.) by The Corporation Tax (Variation of the Relevant Percentage) Order 2011 (S.I. 2011/2885), arts. 1(2), 2
(2) The Treasury may by order vary the percentage for the time being specified in subsection (1) for such accounting periods as may be specified in the order.