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Legislation
Finance Act 1987

Part V Oil Taxation

  • Section 61 Nomination of disposals and appropriations.
  • Section 62 Market value of oil to be determined on a monthly basis.
  • Section 63 Blends of oil from two or more fields.
  • Section 64 Relief for research expenditure.
  • Section 65 Cross-field allowance of certain expenditure incurred on new fields.
  • Section 66 Oil allowance: adjustment for final periods.
  • Section 67 Variation of decisions on claims for allowable expenditure.
  1. Part V · Oil Taxation
  2. Variation of decisions on claims for allowable expenditure.

Section 67 | Variation of decisions on claims for allowable expenditure.

From legislation.gov.uk

In Schedule 7 to the principal Act (claim for allowance of certain exploration expenditure etc.) at the end of the Table set out in paragraph 1(3) (which applies the provisions of Schedule 5 specified in the first column of the Table with the modifications specified in the second column) there shall be added—

Table
9In sub-paragraph (2) omit paragraphs (b) and (c), in sub-paragraph (8) for the reference to all or any of the participators substitute a reference to the participator by whom the claim is made and in sub-paragraph (11) for “after 15th March 1983” substitute “ on or after 17th March 1987 ”.
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