Part 8Oil activities

C1F1CHAPTER 9Supplementary charge: cluster area allowance

Annotations:
Amendments (Textual)
F1

Pt. 8 Ch. 9 inserted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 13 para. 2

Modifications etc. (not altering text)

Interpretation

356JNBOther definitions

In this Chapter (except where otherwise specified)—

  • adjusted ring fence profits”, in relation to a company and an accounting period, is to be read in accordance with section 330ZA;

  • cluster area allowance” has the meaning given by section 356JF(2);

  • cumulative total amount of activated allowance” has the meaning given by section 356JG(2);

  • licence” has the same meaning as in Part 1 of OTA 1975 (see section 12(1) of that Act);

  • licensed area” has the same meaning as in Part 1 of OTA 1975;

  • licensee” has the same meaning as in Part 1 of OTA 1975 (but see also section 356JNA);

  • relevant income”, in relation to a cluster area and an accounting period, has the meaning given by section 356JH(3).