SCHEDULES

SCHEDULE 31Miscellaneous amendments relating to decommissioning

PART 1Abandonment guarantees and abandonment expenditure

Consequential amendments

11

1

Section 104 of FA 1991 is amended as follows.

2

In subsection (1), omit “and sections 105 and 106 below”.

3

In subsection (2), omit “and section 106 (but not section 105) below”.

12

In FA 2008, omit section 105.

13

In Part 2 of ITTOIA 2005, Chapter 16A is amended as follows.

14

1

Section 225N is amended as follows.

2

Omit subsection (5).

3

In subsection (6), in the definition of “abandonment guarantee”—

a

for “section 105 of FA 1991” substitute “ section 3 of OTA 1975 ”, and

b

for “that Act” substitute “ FA 1991 ”.

4

The heading of that section becomes Expenditure on abandonment guarantees.

15

Omit sections 225P and 225Q.

16

In section 225R (introduction to sections 225S and 225T)—

a

in subsection (1), for “Sections 225S and 225T apply” substitute “ Section 225S applies ”;

b

the heading of section 225R becomes Introduction to section 225S.

17

In Part 8 of CTA 2010, Chapter 4 is amended as follows.

18

1

Section 292 is amended as follows.

2

Omit subsection (5).

3

In subsection (6), in the definition of “abandonment guarantee”—

a

for “section 105 of FA 1991” substitute “ section 3 of OTA 1975 ”, and

b

for “that Act” substitute “ FA 1991 ”.

4

The heading of that section becomes Expenditure on abandonment guarantees.

19

Omit sections 294 and 295.

20

In section 296 (introduction to sections 297 and 298)—

a

in subsection (1), for “Sections 297 and 298 apply” substitute “ Section 297 applies ”;

b

the heading of section 296 becomes Introduction to section 297.