Finance Act 2013 (c. 29)

PART 2 U.K. Oil

Decommissioning expenditure etc U.K.

89 Miscellaneous amendments relating to decommissioning U.K.

(1) Part 1 of Schedule 31 contains provision about expenditure on and under abandonment guarantees and abandonment expenditure.

(2) Part 2 of Schedule 31 contains provision about calculating the profits of a ring fence trade carried on by a person who incurs expenditure on meeting another person's decommissioning liabilities.