Oil activities
2In section 289 (eligibility for income tax relief)—
(a)in subsection (1C) (meaning of “the active company”) for “, research and development or oil exploration” substitute “or research and development”,
(b)in subsection (2)—
(i)at the end of paragraph (a) insert “or”, and
(ii)omit paragraph (c) (which relates to the treatment of oil exploration as a qualifying business activity), and
(c)omit subsections (4) and (5) (which make provision supplemental to section 289(2)(c)).