SCHEDULES

SCHEDULE 11 Market Value of Oil

Part I Amendments of Paragraphs 2, 2a and 3 of Schedule 3 to Principal Act

1

1

Paragraph 2 of Schedule 3 (definition of market value of oil) shall be amended in accordance with this paragraph.

C12

For sub-paragraph (1) there shall be substituted—

1

The market value of any oil in any calendar month shall be determined for the purposes of this Part of this Act in accordance with this paragraph.

F2C13

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F24

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F2C15

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F2C16

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F27

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Annotations:
Amendments (Textual)
F2

Sch. 11 para. 1(3)-(7) repealed (with effect in accordance with Sch. 26 Pt. 5(1) Note 2 of the amending Act) by Finance Act 2006 (c. 25), Sch. 26 Pt. 5(1)

Modifications etc. (not altering text)
C1

Part of the text of Sch. 11 Pt. I para. 1(2) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991

2

In paragraph 2A of that Schedule (modifications in the case of oil consisting of gas)—

a

in sub-paragraphs (1) and (3) for “(1) and (2)” there shall be substituted “ (1) to (2D) ”;

b

in sub-paragraph (2) for “(2)(a)” in each place where it occurs, there shall be substituted “ (2)(d) ”; and

c

in sub-paragraph (3) for “(2)(b)” there shall be substituted “ (2)(e) ”.

F13

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