SCHEDULES

SCHEDULE 12Recovery of overpaid tax etc

Part 2Petroleum revenue tax

Consequential amendments

12

1

Schedule 24 to FA 2007 (penalties for errors) is amended as follows.

2

In the Table in paragraph 1, after the first entry relating to petroleum revenue tax insert—

Petroleum revenue tax

Statement or declaration in connection with a claim under paragraph 13A of Schedule 2 to the Oil Taxation Act 1975.

3

In paragraph 1(5), after “Oil Taxation Act 1975” insert “ or a statement or declaration under paragraph 13A of that Schedule ”.

13

In FA 2009—

a

in Schedule 51 (time limits for assessments, claims etc), omit paragraph 18(2), and

b

in Schedule 52 (recovery of overpaid tax etc), omit paragraph 11.