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Contents

Official guidance
Oil Taxation Manual

OT13750 · PRT: non-field expenditure

  • OT13760 · Outline
  • OT13775 · Claims
  • OT13790 · Prevention of double allowance
  • OT13810 · Associated company claims
  • OT13825 · Acquisition of interests in producing fields
  • OT13840 · Treatment of long-term assets
  • OT13850 · Receipts, pre 16 March 1983
  • OT13860 · Receipts, post 15 March 1983
  • OT13875 · Bottom hole contributions
  • OT13900 · Receipts: extended production tests
  • OT13910 · Disallowable expenditure
  • OT13925 · Non-arm's length expenditure
  • OT13940 · Designated area
  • OT13950 · Abortive exploration expenditure: basic conditions
  • OT13960 · Non-field expenditure - abortive exploration expenditure: 'Is not, and is unlikely to become allowable for a field'
  • OT13975 · Non-field expenditure - exploration and appraisal expenditure: basic conditions
  • OT13990 · Exploration and appraisal expenditure: expenditure not related to a field
  • OT14000 · Exploration and appraisal expenditure: searching and ascertaining
  • OT14010 · Exploration and appraisal expenditure: licence payments
  • OT14025 · Exploration and appraisal expenditure: onshore expenditure
  • OT14040 · Exploration and appraisal expenditure: transitional provisions: outline
  • OT14050 · Exploration and appraisal expenditure: transitional provisions: committed expenditure
  • OT14060 · Exploration and appraisal expenditure: transitional provisions: supplementary relief
  • OT14080 · Exploration and appraisal expenditure: transitional provisions - interaction of FA93\S188 and S189
  • OT14100 · Research expenditure: outline
  • OT14125 · Research expenditure: basic conditions
  • OT14140 · Research expenditure: associated companies
  1. PRT: non-field expenditure: contents
  2. PRT: non-field expenditure - claims

OT13775 | PRT: non-field expenditure - claims

From HM Revenue & Customs · Oil Taxation Manual

Claims for abortive exploration, exploration and appraisal and research expenditure are made under OTA75\SCH7. There is no time limit for such claims, there are no specified claim periods and claims for supplement are not permitted.

Error or mistake, OTA75\SCH7\PARA1(2)

If a participator makes a claim under OTA75\SCH7 and subsequently discovers that it has made an error or mistake in the claim, this subparagraph permits a supplementary claim to be made.

Application of OTA75\SCH5, OTA75\SCH7\PARA1(3)

A number of the provisions of OTA75\SCH5 (see OT04390) are applied (with appropriate modification) to OTA75\SCH7, namely

  • decisions on claims, OTA75\SCH5\PARA3, see OT04630

  • appeals, OTA75\SCH5\PARAS5-8, see OT04690

  • notices of variation, OTA75\SCH5\PARA9, see OT04750.

Penalties

The penalty provisions relating to fraudulent or negligent claims etc. (see OT18760) are applied to OTA75\SCH7 by OTA75\SCH2\PARAS8-9.

Prevention of double allowance

See OT13790.

Informal claims

See OT04740.

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