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OTUPDATE130110 | Oil Taxation: recent changes

From HM Revenue & Customs · Oil Taxation Manual

Below are details of the amendments that were published on 10 January 2013 (see the update index for all updates)

PageDetails of update
OT00002New office address
OT00020RFCT main rate and SC rate from 24/03/2011 updated
OT00030Historic references to Royalties removed
OT00190Page updated for fiscal developments 2009 to 2012
OT01007Correction of errors re Non taxable fields (dates)
OT03100Clarification of when Board will accept that decommissioning has taken place.
OT15025Clarification of definition of Tariff Receipts
OT20255Transfer of trade without change of ownership legislation now at CTA10\S940A
OT21000CT Ring Fence index page updated for renumbering
OT21060Carry back of decommissioning losses updated for 2012 fiscal changes
OT21140Office address updated
OT21200Supplementary Charge - updated for FA2012
OT21202Page re-titled Supplementary Charge - General Provisions - updated for FA2012
OT21204‘Adjusted Ring Fence Profits’ changes post 23/03/2012
OT21228New page on Restriction of Relief in respect of decommissioning expenditure: Overview
OT21230New page on Restriction of Relief in respect of decommissioning expenditure: The amount
OT21231New page on Increase of relief for decommissioning expenditure where taken into account for PRT: Overview
OT21233New page on Increase of relief for decommissioning expenditure where taken into account for PRT: The amount
OT21235Page deleted due to renumbering, now at OT21245
OT21240New index page for First-Year Allowances for a Ring Fence Trade (was OT2128), new page numbering
OT21241New number for page old page 21230
OT21242New number for page old page 21231
OT21244New number for page old page 21233
OT21245New number for page old page 21235
OT21246New number for page old page 21240
OT21247New number for page old page 21245
OT21401Field Allowance - background updated for FA 2012
OT21405Field Allowance - new material re additionally-developed oil fields
OT21410Updated for Budget 2012 changes to Field Allowances
OT21415Updated for Budget 2012 changes to Field Allowances
OT21450Updated for FA2012 changes to Field Allowances
OT26060New Page - R&D and Farm-ins
OT28045Decommissioning expenditure - decommissioning studies and cement plugs
OT30825Correction to statutory cross reference