http://www.legislation.gov.uk/ukpga/1998/36/section/152Finance Act 1998An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1998-07-31texttext/xmlenStatute Law Database2026-04-22Expert Participation2026-03-18 Finance Act 1998Sch. 18 Pt. 9CCorporation Tax Act 2009Sch. 1 para. 454(11) Sch. 3 Pt. 1Sch. 2 Pt. 1 2s. 1329(1)Finance Act 1998Sch. 18 Pt. 9C titleFinance Act 2006Sch. 3 para. 9 Part V1521Paragraph 3A of Schedule 3 to the Oil Taxation Act 1975 (market value of light gases) shall have effect, and be deemed always to have had effect, with the insertion of the following sub-paragraph after sub-paragraph (3)—3AThe circumstances referred to in sub-paragraph (1) above include—athe timing of the making, and of any subsequent variations, of the actual contract or other arrangements under which the disposal or appropriation was made;bthe terms of that contract or, as the case may be, of those arrangements, and the terms of any such variations; andcthe extent to which the circumstances to which regard is to be had by virtue of paragraphs (a) and (b) above are circumstances that might reasonably have been expected to exist in the case of a contract satisfying the conditions specified in sub-paragraph (2) above.2Paragraph 12 of Schedule 2 to the Oil Taxation Act 1983 (purchase of oil at place of extraction) shall have effect and, in relation to light gases disposed of or appropriated at any time on or after 3rd May 1994, be deemed to have had effect—awith the substitution, for the words “paragraphs (a) to (c)” in sub-paragraph (2), of the words “paragraphs (a) to (cb)"; andbwith the substitution for the words from “2(5)(b)" to “length),” in sub-paragraph (5) of the words “2(5)(b) or (ca) of the principal Act (oil disposed of otherwise than in sales at arm’s length),".3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1975 c. 22. 1983 c. 56. S. 152(3) repealed: (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 2 (with Sch. 2); (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 6 (with Sch. 9 paras. 1-9, 22)