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Finance Act 2012

This section has no associated Explanatory Notes

18(1)Part 8 of CTA 2010 (oil activities) is amended as follows.U.K.

(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 ”.

Commencement Information

I1Sch. 22 para. 18 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2