SCHEDULES
SCHEDULE 22Reduction of supplementary charge for certain oil fields
14Amendments of Chapter 7 of Part 8 of CTA 2010
1
Section 349 (orders) is amended as follows.
2
In subsection (1), before “qualifying oil fields” insert “additionally-developed oil fields or”.
3
In subsection (2), for “new oil field” (in both places) substitute “eligible oil field”.
4
After subsection (2) insert—
2A
The Commissioners for Her Majesty’s Revenue and Customs may by order make provision about the meaning of any term used in this Chapter.
5
For subsection (3) substitute—
3
The provision that may be made by an order under this section includes—
a
provision amending this Chapter,
b
provision that has effect in relation to times before the order is made and does not increase any person’s liability to tax, and
c
incidental, supplemental, consequential, transitional or saving provision, including provision amending, repealing or revoking any provision made by or under this Act.