15U.K.Before section 350 insert—
“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—
(a)the Secretary of State, or
(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.”