Finance Act 2009

Section 91

SCHEDULE 45U.K.Oil: miscellaneous amendments

OTA 1975U.K.

1(1)OTA 1975 is amended as follows.U.K.

(2)Omit paragraphs 9 and 10 of Schedule 3 (election to have amounts mentioned in section 2(9)(b) and (c) spread).

(3)In consequence of the omission of paragraph 9 of Schedule 3, omit section 9(4).

(4)Omit paragraph 3 of Schedule 4 (allowable expenditure incurred before 13 November 1974).

(5)The repeals made by this paragraph have effect in relation to chargeable periods beginning after 30 June 2009.

OTA 1983U.K.

2(1)OTA 1983 is amended as follows.U.K.

(2)Omit section 9(3) and paragraph 3 of Schedule 3 (receipts from contracts made before 8 May 1982).

(3)In consequence of the omission of subsection (3) of section 9—

(a)in subsection (2) of that section, for “subsections (3) and (4)” substitute “ subsection (4) ”, and

(b)in subsection (4)(b) of that section, for “subsections (1) to (3)” substitute “ subsections (1) and (2) ”.

(4)Omit sections 13 and 14 and Schedule 5 (transitional provision for expenditure incurred on or before 31 December 1983).

FA 1993U.K.

3(1)Schedule 20A to FA 1993 (as inserted by Part 1 of Schedule 33 to FA 2008) is renumbered as Schedule 20B to that Act.U.K.

(2)In the following provisions, for “Schedule 20A” substitute “ Schedule 20B ”

(a)section 6(1A) of OTA 1975,

(b)paragraph 15(9A) of Schedule 17 to FA 1980, and

(c)section 185(1ZA)(b) of FA 1993.

ICTAU.K.

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