SCHEDULES
SCHEDULE 12Supplementary charge: investment allowance
PART 2Commencement and transitional provision
General rules for commencement
5
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—
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).