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Legislation
Corporation Tax Act 2010

Crossheading Interpretation

  • Section 356IB “Authorisation of development”: oil fields
  • Section 356J “Authorisation of development”: drilling and extraction sites
  • Section 356JA When capital expenditure is incurred
  • Section 356JB Other definitions
  1. Interpretation
  2. “Authorisation of development”: oil fields

Section 356IB | “Authorisation of development”: oil fields

From legislation.gov.uk

(1)In this Chapter a reference to authorisation of development of an oil field is a reference to a national authority—

(a)granting a licensee consent for development of the field,

(b)serving on a licensee a programme of development for the field, or

(c)approving a programme of development for the field.

(2)In this section—

“consent for development”, in relation to an oil field, does not include consent which is limited to the purpose of testing the characteristics of an oil-bearing area,

“development”, in relation to an oil field, means winning oil from the field otherwise than in the course of searching for oil or drilling wells, and

“national authority” means—

(a)the OGA, ...

(aza)the Scottish Ministers,

(aa)the Welsh Ministers, or

(b)a Northern Ireland department.

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