Finance Act 2001 (c. 9)

SCHEDULES

SCHEDULE 32 Petroleum revenue tax: unrelievable field losses

Schedule applies in place of section 6(1C) of the Oil Taxation Act 1975

5 Where this Schedule makes provision for determining the unrelievable portion of an allowable loss, that portion is determined in accordance with the provisions of this Schedule instead of in accordance with the provisions of section 6(1C) of the Oil Taxation Act 1975.