4(1)Section 352 (meaning of “qualifying oil field”) is amended as follows.U.K.
(2)Renumber section 352 as subsection (1) of section 352.
(3)In section 352(1) (as renumbered), after “an oil field” insert “ , other than an onshore field, ”.
(4)After subsection (1) insert—
“(2)An oil field is an “onshore field” for the purposes of subsection (1) if—
(a)the authorisation day is on or after 5 December 2013, and
(b)on the authorisation day every part of the oil field is, or is part of, an onshore licensed area;
but see the transitional provisions in paragraph 7 of Schedule 15 to FA 2014.
(3)A licensed area is an “onshore licensed area” if it falls within the definition of “landward area” in the regulations pursuant to which the application for the licence was made.”