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Contents

Official guidance
Oil Taxation Manual

OT05600 · PRT: commingling

  • OT05601 · Introduction
  • OT05605 · PRT treatment prior to 1 January 1987
  • OT05606 · PRT treatment after 1 January 1987
  • OT05607 · PRT treatment after 1 July 2009
  • OT05610 · Administration of the legislation
  • OT05615 · Information required under FA1987\S63
  • OT05620 · Review of commingled systems
  • OT05625 · Amendments to allocation methods
  • OT05630 · Substitution gas
  • OT05635 · PRT treatment of re-injected gas
  • OT05640 · Storage schemes
  1. PRT: commingling: contents
  2. PRT: commingling - PRT treatment prior to 1 January 1987

OT05605 | PRT: commingling - PRT treatment prior to 1 January 1987

From HM Revenue & Customs · Oil Taxation Manual

Where commingling occurred, the participators in the contributing fields agreed amongst themselves the basis on which the blend was allocated to each field and each participator. This allocation usually took account of both the quantity and the relative quality of the contribution by each individual field to the blend. In practice the Responsible Persons for the commingling fields submitted PRT2 Returns of oil won and saved giving the quantities allocated among the participators and the LB Oil & Gas accepted Returns made on this basis.

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