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Legislation
Finance Act 1993

Part III Oil Taxation

  • Section 185 Abolition of PRT for oil fields with development consents on or after 16th March 1993.
  • Section 186 Reduction of rates of PRT and interest repayments for taxable oil fields.
  • Section 187 Returns and information.
  • Section 188 Exploration and appraisal expenditure.
  • Section 189 Transitional relief for certain exploration and appraisal expenditure.
  • Section 190 Allowance of expenditure on certain assets limited by reference to taxable field use.
  • Section 191 Time when expenditure is incurred.
  • Section 192 Chargeable periods in which expenditure may be brought into account.
  • Section 193 Tariff receipts etc.
  • Section 194 Double taxation relief in relation to petroleum revenue tax.
  • Section 195 Interpretation of Part III and consequential amendments of assessments etc.
  1. Part III · Oil Taxation
  2. Returns and information.

Section 187 | Returns and information.

From legislation.gov.uk

(1)In Schedule 2 to the principal Act (management and collection of petroleum revenue tax), other than the Table in paragraph 1 (modifications of the Taxes Management Act 1970),—

(a)for the words “an oil field”, in each place where they occur, there shall be substituted “ a taxable field ”; and

(b)for the words “the oil field”, in each place where they occur, there shall be substituted “ the taxable field ”;

andparagraph 7 (which is superseded by the following provisions of this section) shall be omitted.

(2)Repealed

(3)Repealed

(4)Repealed

(5)Repealed

(6)Repealed

(7)Repealed

(8)Repealed

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