SCHEDULES

SCHEDULE 8Minor and consequential amendments

Part 6Oil activities

Income and Corporation Taxes Act 1988 (c. 1)

180

ICTA is amended as follows.

181

Omit section 493(1) to (6) (valuation of oil disposed of or appropriated in certain circumstances).

182

Omit section 495 (regional development grants).

183

Omit section 496 (tariff receipts and tax-exempt tariffing receipts).

184

Omit section 502(1) and (2) (interpretation of Chapter 5).