OT05607 | PRT: commingling - PRT treatment after 1 July 2009

FA1987\S63 as amended by FA2009

Schedule 39 of FA 2009 amends FA1987\S63 and removes the requirement (and thus also the penalty provisions) to furnish details of the method of allocation. Instead the allocation of blended oil is to be made on a just and reasonable basis. However in practice, the method of allocation will, as before, usually follow the commercial method used by the companies concerned.