Part 8Oil activities
C1F1CHAPTER 6ASupplementary charge: investment allowance
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Pt. 8 Ch. 6A restricted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 13 para. 6(2)
Miscellaneous
332JARegulations amending specified percentages
1
The Treasury may by regulations substitute a different percentage for the percentage that is at any time specified in any of the following provisions—
a
section 332C(2) (calculation of allowance as a percentage of investment expenditure);
b
section 332DA(4) (calculation of relevant field threshold in relation to former new field);
c
section 332DB(4) (calculation of relevant project threshold in relation to former additionally-developed field).
2
Regulations under subsection (1) may include transitional provision.
Pt. 8 Ch. 6A inserted (with effect in accordance with Sch. 12 para. 5 7 8 of the amending Act) by Finance Act 2015 (c. 11), Sch. 12 para. 2