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”.