Finance Act 2012 (c. 14)

SCHEDULES

SCHEDULE 22 Reduction of supplementary charge for certain oil fields

Amendments of Chapter 7 of Part 8 of CTA 2010

11 (1) Section 345 (introduction to sections 346 and 347) is amended as follows.

(2) In subsection (2)—

(a) for “a new oil field” substitute “an eligible oil field”, and

(b) for “the new oil field” substitute “the field”.

(3) In subsections (3) and (4), for “the new oil field” substitute “the field”.

(4) In subsection (6), for “a new oil field” substitute “an eligible oil field”.