Corporation Tax Act 2010
2010 CHAPTER 4
Introduction
Part 8: Oil activities
Chapter 7: Reduction of supplementary charge for certain new oil fields
Section 342: Introduction to sections 343 and 344
1092.This section deals with the situation where a company’s equity share in a new oil field changes during the accounting period and provides four conditions which need to be met for sections 343 and 344 to apply. It is based on paragraph 10 of Schedule 44 to FA 2009.
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