Textual Amendments
F1Sch. 12 paras. 1, 2 and cross-headings substituted (with effect in accordance with Sch. 39 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 39 para. 3(2)
[F12(1)This paragraph applies if it appears to HMRC that—U.K.
(a)a method of allocation that has been used in respect of a chargeable period was not suitable, or
(b)a method of allocation that is proposed to be used in respect of a chargeable period would not be suitable.
(2)HMRC may give notice to each of the participators in the originating fields—
(a)informing the participators of what appears to HMRC to be the case, and
(b)proposing amendments to the method of allocation.
(3)If HMRC give notice, the allocation of the blended oil for the purposes of section 63 in respect of the chargeable period is to be redetermined, or determined, using the method of allocation as amended in accordance with the notice.
(4)Sub-paragraph (3) is subject to—
(a)the following provisions of this Schedule,
(b)any subsequent notice given under this paragraph, and
(c)any amendment to the method of allocation made by the participators in the originating fields.]