Section 332KA | Other definitions

In this Chapter (except where otherwise specified)—

“adjusted ring fence profits”, in relation to a company and an accounting period, is to be read in accordance with section 330ZA;

“cumulative total amount of activated allowance” has the meaning given by section 332E(2);

“investment allowance” has the meaning given by section 332C(2);

“licence” has the same meaning as in Part 1 of OTA 1975 (see section 12(1) of that Act);

“licensee” has the same meaning as in Part 1 of OTA 1975;

“relevant income”, in relation to a qualifying oil field and an accounting period, has the meaning given by section 332F(3).