Finance Act 2012 (c. 14)

SCHEDULES

SCHEDULE 22 U.K. Reduction of supplementary charge for certain oil fields

Amendments of Chapter 7 of Part 8 of CTA 2010 U.K.

12 (1) Section 346 (reduction of field allowance if equity disposed of) is amended as follows. U.K.

(2) In subsection (1), for “the new oil field” (in the first place it occurs) substitute “ the eligible oil field ”.

(3) In the definitions of “E1” and “E2”, for “the new oil field” substitute “ the field ”.

Commencement Information

I1 Sch. 22 para. 12 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2