The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 No. 79

PART 2 Transitional modifications of taxation legislation having effect until the commencement of Part 2 of Schedule 6 to the Wales Act 2016

Finance Act 1993

5.  Section 185 (abolition of petroleum revenue tax for oil fields with development consent on or after 16 March 1993) of the Finance Act 1993(1) has effect as if—

(a) in subsection (1C), in paragraphs (a) and (b), for “OGA” there were substituted “appropriate authority”;

(b) in subsection (2), in paragraph (b), for “OGA” there were substituted “appropriate authority”;

(c) after subsection (2) there were inserted—

“(2A) In subsections (1C) and (2), the “appropriate authority” means—

(a) in relation to a field that is wholly within the Scottish onshore area, as defined in section 8A of the Petroleum Act 1998, the Scottish Ministers;

(b) otherwise, the OGA.”.

(1)

1993 c.34; relevant amendments to section 185 were made by the Finance Act 2007 (c.11), section 102(1) and (3), and S.I. 2016/898. Section 185 is further amended by the Wales Act 2017 (c.4), Schedule 6, Part 1, paragraph 22 from a date to be appointed.