Section 286 | Petroleum extraction activities: exploration expenditure supplement

(1)Chapter 5 of Part 12 of the Taxes Act 1988 (petroleum extraction activities) is amended as follows.

(2)After section 496 (tariff receipts) insert—

496AExploration expenditure supplement

.

(3)Before Schedule 20 insert the Schedule 19B set out in Schedule 38 to this Act.