SCHEDULES

SCHEDULE 7Miscellaneous relocations

Part 1Relocation of section 38 of, and Schedule 15 to, FA 1973

Oil Taxation Act 1975 (c. 22)

9

The Oil Taxation Act 1975 is amended as follows.

10

In section 3(4) (expenditure not allowable under the section) for paragraph (f) (which refers to notices under paragraph 4 of Schedule 15 to FA 1973), and the “or” preceding it, substitute

or

f

any payment made in pursuance of a notice under section 77C of the Taxes Management Act 1970 (notice requiring licence-holder to pay unpaid tax assessed on non-UK resident);