SCHEDULES

SCHEDULE 22Reduction of supplementary charge for certain oil fields

Consequential amendments

I118

1

Part 8 of CTA 2010 (oil activities) is amended as follows.

2

In section 270 (overview of Part)—

a

in subsection (7), for “certain new oil fields” substitute “ eligible oil fields ”, and

b

in subsection (8), for paragraph (c) substitute—

c

eligible oil field”, see section 357.

3

In section 330 (supplementary charge in respect of ring fence trades), in subsection (5), for “certain new oil fields” substitute “ eligible oil fields ”.