SCHEDULES
SCHEDULE 22Reduction of supplementary charge for certain oil fields
13Amendments of Chapter 7 of Part 8 of CTA 2010
1
Section 347 (acquisition of field allowance if equity acquired) is amended as follows.
2
In subsection (1), for “the new oil field” substitute “the eligible oil field”.
3
In subsection (2)—
a
for “the new oil field” (in the first place it occurs) substitute “the eligible oil field”, and
b
for “the new oil field” (in the second place it occurs) substitute “the field”.
4
In subsection (4), for “the new oil field” substitute “the field”.