Part 8Oil activities

F1CHAPTER 5AExtended ring fence expenditure supplement for onshore activities

Application and interpretation

329BQualifying companies

(1)

This Chapter applies in relation to any company which—

(a)

carries on a ring fence trade, or

(b)

is engaged in any activities with a view to carrying on a ring fence trade.

(2)

In this Chapter such a company is referred to as a “qualifying company”.