There are currently no known outstanding effects for the Finance Act 2015, Cross Heading: General rules for commencement.
5U.K.The amendment made by paragraph 2 has effect in relation to accounting periods ending on or after 1 April 2015.
6(1)The amendment made by paragraph 3 has effect—U.K.
(a)in relation to projects authorised as mentioned in section 349A(1)(a) of CTA 2010 on or after 1 April 2015 in additionally-developed oil fields,
(b)in relation to new oil fields whose authorisation day is on or after 1 January 2016, and
(c)in the case of—
(i)projects authorised as mentioned in section 349A(1)(a) of CTA 2010 before 1 April 2015 in additionally-developed oil fields, or
(ii)new oil fields whose authorisation day is before 1 January 2016,
in relation to accounting periods ending on or after 1 April 2015.
(2)But sub-paragraph (1)(c) is subject to paragraphs 7 and 8 (which relate to field allowance under Chapter 7 of Part 8 of CTA 2010).
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