349AAdditionally-developed oil field”

1

In this Chapter an oil field is an “additionally-developed oil field” if—

a

a national authority has authorised a project described in an addendum to the consent for development for the oil field, and

b

the project meets such conditions as may be specified in an order made by the Commissioners for Her Majesty's Revenue and Customs.

2

In this section—

• “consent for development”, in relation to an oil field, does not include consent which is limited to the purpose of testing the characteristics of an oil-bearing area,

• “development”, in relation to an oil field, means winning oil from the field otherwise than in the course of searching for oil or drilling wells, and

• “national authority” means—

  1. a

     the Secretary of State, or

  2. b

     a Northern Ireland department.

3

An order under this section may include provision having effect in relation to times before it is made, provided that it does not increase any person's liability to tax.

4

No order may be made under this section unless a draft of the statutory instrument containing it has been laid before and approved by a resolution of the House of Commons.