SCHEDULES
SCHEDULE 18Oil taxation: market value of oil
Part 2Amendments of other enactments
Income and Corporation Taxes Act 1988
Valuation of oil disposed of or appropriated in certain circumstances.
12
1
Section 493 of ICTA (valuation of oil disposed of or appropriated in certain circumstances) is amended as follows.
F22
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3
In subsection (1)—
a
omit “in a particular month”, and
F3b
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4
In subsection (2), omit “in a particular month”.
5
In subsection (3), omit “in the calendar month in which the disposal was made”.
6
In subsection (4), omit “in the calendar month in which it was appropriated”.
F17
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