Finance Act 2008 (c. 9)

SCHEDULES

SCHEDULE 33 PRT: elections for oil fields to become non-taxable

Part 2 Other amendments

Oil Taxation Act 1983

4 In section 9 of the Oil Taxation Act 1983 (c. 56) (tariff receipts allowance), in subsection (5)(a), for the words from “other than” to the end substitute “other than—

(i) the principal field, or

(ii) an oil field that is a non-taxable field by virtue of section 185(1) or (1A) of the Finance Act 1993.”