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Contents

Official guidance
Oil Taxation Manual

OT61000 · Transferable Tax History - Administration and Enquiries

  • OT61010 · Election - enquiries
  • OT61020 · Election - approval
  • OT61030 · Election - effective date
  • OT61040 · Election - withdrawal
  • OT61050 · Election - Amounts discovered to be incorrect
  • OT61060 · Election - Multiple interests in a field
  • OT61070 · Claims to set losses against TTH - enquiries
  • OT61080 · Record keeping
  1. Transferable Tax History - Administration and Enquiries: contents
  2. Transferable tax history - Administration and enquiries - Election - effective date

OT61030 | Transferable tax history - Administration and enquiries - Election - effective date

From HM Revenue & Customs · Oil Taxation Manual

An election, once approved, has effect from the date of the licence transfer. It has effect permanently in relation to the seller, and indefinitely in relation to the seller, unless the election is withdrawn by HMRC.

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