PART 4Transfer to the OGA of the Secretary of State’s functions under oil taxation legislation, and other consequential amendments
Corporation Tax Act 201015
1
The Corporation Tax Act 201035 is amended as follows.
2
In section 278 (general definitions for Part 8), at the appropriate place insert—
“the OGA” means the Oil and Gas Authority,
3
In section 332DA(5)36 (restriction where field qualified for field allowances as new field), for “Secretary of State” substitute “OGA”.
4
In section 332DB(5) (restriction where project in additionally-developed field qualified for field allowance), for “Secretary of State” substitute “OGA”.
5
In section 356IB(2)37 (authorisation of development: oil fields), in paragraph (a) of the definition of “national authority”, for “Secretary of State” substitute “OGA”.
6
In section 356J(4)38, (authorisation of development: drilling and extraction sites), in paragraph (a) of the definition of “national authority”, for “Secretary of State” substitute “OGA”.
7
In section 356JD39 (meaning of “cluster area”), for “Secretary of State” (in each place) substitute “OGA”.
8
In Schedule 4 (index of defined expressions), at the appropriate place, insert—
the OGA (in Part 8)
section 278