Oil Taxation Act 1975

[^key-8ef00d9d451dd77468963bc46cad4cbe]: Words in Sch. 2 para. 14(8) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 74(4)

[^key-da29bcd633a17140e831734126b13fa8]: Words in Sch. 2 para. 14(9) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 74(5)(a)

[^key-4a112906af1ae6a1233e66ac315936df]: Word in Sch. 2 para. 14(9) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 74(5)(b)

[^key-114f554476fcf2755a9c6c6b91291c6b]: Word in Sch. 2 para. 14(9) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 74(5)(c)

[^key-f2faa9b93ee5e543ccd0cc82ad53babc]: Words in Sch. 2 para. 14(10) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 74(6)(a)

[^key-adb41695adc8ef9df09ede6a6a993d86]: Words in Sch. 2 para. 14(10) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 74(6)(b)

[^key-f536f4f7e14a2f718c08c5607cce296c]: Word in Sch. 2 para. 14(10) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 74(6)(c)

[^key-7d85fca66eb758449f638f675309745b]: Sch. 2 para. 14(11)(12) substituted for Sch. 2 para. 14(11) (1.4.2009) by The Revenue and Customs Appeals Order 2009 (S.I. 2009/777), arts. 1, 2

[^key-d6107d04fa0588bf06516766fdce90c0]: Word in Sch. 5 para. 5(1) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(2)(a)

[^key-fdecbbb204a78948f7b9f95879452dde]: Words in Sch. 5 para. 5(1) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(2)(b)

[^key-220accb7fdb64b9be26118dcd6bdd098]: Words in Sch. 5 para. 5(2) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(3)(a)

[^key-f97f1f017090f8833877dc22ed5b4d80]: Words in Sch. 5 para. 5(2) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(3)(b)

[^key-e52daa34e75afd78d5f4b798996b0233]: Words in Sch. 5 para. 5(3) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(4)

[^key-72011609afceb02a93377539ace8d1fd]: Words in Sch. 5 para. 5(4) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(5)(a)

[^key-852968870bd6b9af1f6c9cc3ce206fc5]: Word in Sch. 5 para. 5(4) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(5)(b)

[^key-508373225556cbefad675a8dab1be30b]: Sch. 5 para. 5(5) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 77(6)

[^key-0b4da92c73855ba7008d1040656b4deb]: Word in Sch. 5 para. 6(1) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 78

[^key-fe437a17f823935216e9152f0919d22e]: Word in Sch. 5 para. 6(2) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 78

[^key-379e937e768b22de499423125280441a]: Punctuation in Sch. 5 para. 7(1) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 79(2)(a)

[^key-fc5eddd06087d7c1170e77387b901f84]: Words in Sch. 5 para. 7(1) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 79(2)(b)

[^key-c2a6d12ec841b41f46457b89bcb0da5b]: Word in Sch. 5 para. 7(3) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 79(3)

[^key-c36080c7be5a08d71d9e03b329c634f6]: Sch. 5 para. 8(1)(a) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 80(2)

[^key-a6b9e556ab62523ae5e49d92e8dd10d4]: Word in Sch. 5 para. 8(1)(b) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 80(3)

[^key-74cbb5adb38365d0925d854a1632e995]: Words in Sch. 5 para. 8(5) added (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 80(4)

[^key-a95d7db7dbb8752598a1446537c2b3bf]: Words in Sch. 5 para. 9(3) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 81(2)

[^key-40c30c9b507a9a84fd273e42920bc1e7]: Words in Sch. 5 para. 9(5) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 81(3)

[^key-8bd2fa4ed05c983ed339adc40a8397b0]: Word in Sch. 5 para. 9(7) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 81(4)

[^key-30639d8c05f3665fafae52beed2521fe]: Words in Sch. 5 para. 9(8) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 81(5)(a)

[^key-2d66f5ddd66f61b42f99d23de359322f]: Word in Sch. 5 para. 9(8) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 81(5)(b)

[^key-2e21a60fe504045f5f94c4d0842d9219]: Words in Sch. 5 para. 9(10)(a) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 81(6)

[^key-994c2abfea4c6fdf8f2199d8ac0babac]: Word in Sch. 5 para. 9(10)(b) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 81(7)

[^key-853df9a5f06556e48f5b33f0885790e3]: Word in Sch. 6 para. 2 inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 83(2)

[^key-04b7f4c779c877c2abdcbb14b2ccb27c]: Word in Sch. 7 para. 1(3) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 84(2)

[^key-94fd9c5a8812a1f451f7f8500c781cb8]: Words in Sch. 8 para. 3(1) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 85(2)

[^key-9aa08342ad4dc052182600409d8d989e]: Words in Sch. 8 para. 3(2) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 85(3)

[^key-35bdfb9729fa1e9bd60028d6533a4634]: Sch. 8 para. 3(3) inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 85(4)

[^key-8bd38777116a206387e0b751b404183b]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1980 (c. 48), Sch. 17 para. 5(6) (as inserted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 95(5))

[^key-b8ac8d9c173d6947dc6893c326b5b9f9]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1982 (c. 39), Sch. 18 para. 8(5) (as amended (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 101(5)(a))

[^key-cb5c6f9ceb2669417b70d5dc764e9cab]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1982 (c. 39), Sch. 19 para. 7(2) (as amended (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 102(3)(a))

[^key-fab918f84a63b3459ec7ce14cfbc26a9]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1984 (c. 43), s. 115(6A) (as inserted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 104(3))

[^key-cdcd12af1c8d4dd0017571fc6708b129]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1987 (c. 16), s. 66(8) (as substituted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 129(4))

[^key-420a5ff3e7b910475896436bc69b77c9]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1987 (c. 16), Sch. 12 para. 3(2)(d) (as substituted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 130(5))

[^key-23e81f9a6c377cc3b5f2c0638d42207d]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1993 (c. 34), Sch. 20A para. 11(3) (as inserted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 194(3))

[^key-94315e4ed079a48d879c26e3fcd8cdcd]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1994 (c. 9). Sch. 22 para. 4(5) (as substituted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 211(5))

[^key-8a4d96ebb74425d03f51795c328248e3]: Sch. 2 paras. 14A-14I applied (with modifications) by Finance Act 1994 (c. 9), Sch. 22 para. 8(9) (as inserted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 1 para. 213(5))

[^key-9ceaabd8137d6b4c483c571b00286b9a]: Sch. 2 paras. 14A-14I applied (with modifications) by Oil Taxation (Gas Banking Scheme) Regulations 1982 (S.I. 1982/92), reg. 7(5) (as inserted (1.4.2009) by S.I. 2009/56, art. 1(2), Sch. 2 para. 8(4))

[^key-3fbeccdeb237142d10eb09a05c7f2f7b]: S. 8(4)(a)(b) substituted (with effect in accordance with art. 15(3) of the amending S.I.) by The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730), arts. 1(1), 15(2)

[^key-b92a95059076fee63c639f0f7a3ad410]: S. 12 applied by 1992 c. 12, s. 198E(6) (as inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by Finance Act 2009 (c. 10), Sch. 40 para. 12)

[^key-a2f3e865e5bb595fd168ca64d9111992]: Sch. 1 para. 1 cross-heading inserted (with effect in accordance with Sch. 42 para. 8 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 7(2)

[^key-c30b3ea54955079afd0c39925c491da9]: Sch. 1 paras. 6, 7 and cross-heading inserted (with effect in accordance with Sch. 42 para. 8 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 7(3)

[^key-6f1284858a12f66411fa8ebc9a5a56a8]: S. 2(8) substituted (with effect in accordance with Sch. 43 paras. 1, 3(5) of the amending Act) by Finance Act 2009 (c. 10), Sch. 43 para. 3(2) (with Sch. 43 paras. 2, 3(5)(6), 4)

[^key-74d1caecb01876b4e8e008a09133b58e]: S. 2(9)(a) omitted (with effect in accordance with Sch. 43 paras. 1, 3(5) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 43 para. 3(3) (with Sch. 43 paras. 2, 3(5)(6), 4)

[^key-3fbe4a3fdff83306e6ecdaeae50202dd]: S. 2(10)(11) omitted (with effect in accordance with Sch. 43 paras. 1, 3(5) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 43 para. 3(3) (with Sch. 43 paras. 2, 3(5)(6), 4)

[^key-b8d16d2fd4a2a879d7ddd1f41d595913]: Words in s. 3(1C)(b) substituted (with effect in accordance with Sch. 41 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 41 para. 1(2)

[^key-b7cae9edbd2c4e2f6a717c266c977f51]: Words in s. 3(1D) substituted (with effect in accordance with Sch. 41 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 41 para. 1(3)

[^key-a219d2cd30c82a4b1aa90e025af4264b]: S. 3(1DA)-(1DC) inserted (with effect in accordance with Sch. 41 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 41 para. 1(4)

[^key-53e3de67265956dce9747e9cba02c627]: Words in s. 6(1A) substituted (21.7.2009) by Finance Act 2009 (c. 10), Sch. 45 para. 3(2)(a)

[^key-52c6f1337df3d328dd9eef46ee19948d]: S. 9(4) omitted (with effect in accordance with Sch. 45 para. 1(5) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 45 para. 1(3)

[^key-81540ce670a9178ce36a231cc78e8493]: Words in s. 12(1) inserted (with effect in accordance with Sch. 42 para. 8 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 6

[^key-3e676e824eb1db33a0ef72fb9be1c748]: S. 12(1A) inserted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 2(3)

[^key-844c456ec34b69abb1aac6920adfba0b]: Word in s. 12(1) substituted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 2(2)(a)

[^key-a4100dde1e8174af4c5b7956d36f3fb6]: Words in s. 12(1) inserted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 2(2)(b)

[^key-dca276dacc0e5710704cb6b3be98c727]: Words in s. 12(1) inserted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 2(2)(c)

[^key-a273d5d177adc57baacb824dbe5c59b3]: Words in s. 12(1) inserted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 2(2)(d)

[^key-5265078799dc30b13a19b4c8cb2513b3]: Words in s. 12(1) omitted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 42 para. 2(2)(e)

[^key-db49c00647a53ee27b7b894b2fb58ca6]: Sch. 3 para. 9 omitted (with effect in accordance with Sch. 45 para. 1(5) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 45 para. 1(2)

[^key-d9b6818a3b19d284ca9c532df40a4cc5]: Sch. 3 para. 10 omitted (with effect in accordance with Sch. 45 para. 1(5) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 45 para. 1(2)

[^key-ba5e7b17ed788f66f8fa2e7705438178]: Sch. 4 para. 3 omitted (with effect in accordance with Sch. 45 para. 1(5) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 45 para. 1(4)

[^key-52e1bc339024cb3fac4da0c189e31779]: Word in Sch. 5 para. 2C(2) inserted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 3(a)

[^key-de98c7df0acdab5834cae16a2f1f42d0]: Word in Sch. 5 para. 2C(2) inserted (with effect in accordance with Sch. 42 para. 4 of the amending Act) by Finance Act 2009 (c. 10), Sch. 42 para. 3(b)

[^key-bc21daa24bc4e22860d647699d522068]: S. 2(5A) applied (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 280(9), 1184(1) (with Sch. 2)

[^key-5a5c72bb50d1ec4b57c89698f17b52bb]: Sch. 3 para. 2 applied (with modifications) by Income Tax (Trading and Other Income) Act 2005 (c. 5), ss. 225G(6)(7), 225J(6)(7) (as inserted (for the tax year 2010-11 and subsequent tax years) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 1 para. 2 (with Sch. 9 paras. 1-9, 22))

[^key-f102c707ddc00e030b026b1c017b47dc]: Sch. 3 para. 2 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 282(6)(7) (with Sch. 2)

[^key-3d9c4f67ca717e638efdee2e54cb8310]: Sch. 3 para. 2 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 285(6)(7) (with Sch. 2)

[^key-df791a1badd89a40763a7cb1be017afc]: Sch. 3 para. 3A applied (with modifications) by Income Tax (Trading and Other Income) Act 2005 (c. 5), ss. 225G(6)(7), 225J(6)(7) (as inserted (for the tax year 2010-11 and subsequent tax years) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 1 para. 2 (with Sch. 9 paras. 1-9, 22))

[^key-d0a656f5fea5e81a27561bf0fb39d9c2]: Sch. 3 para. 3A applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 282(6)(7) (with Sch. 2)

[^key-ec1082df5cfaa2bf2e3893db532d40a9]: Sch. 3 para. 3A applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 285(6)(7) (with Sch. 2)

[^key-76f03da80f14df54132b356717f20d0c]: Words in s. 3(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 161(3)(a) (with Sch. 2)

[^key-d5249e5d8d12933f32c97c96528b456f]: Words in s. 3(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 161(3)(b) (with Sch. 2)

[^key-82e352ab31df4d7890acea59c83bcd91]: Words in s. 3(1DB)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 161(2) (with Sch. 2)

[^key-9c861fa250f39d13917e5c085dd84599]: S. 3(4)(f) and preceding word substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 7 para. 10 (with Sch. 9 paras. 1-9, 22)

[^key-632f7da630822133c6ed7876279cc7af]: Words in s. 5(7)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 162(2) (with Sch. 2)

[^key-d3e59c68f0e40aa320aa0a1fa4313790]: Words in s. 5(8)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 162(3) (with Sch. 2)

[^key-518000951082dc715603421598a3b845]: Words in s. 6(4)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 163 (with Sch. 2)

[^key-e01f2d723d0c31c1161b0b9bdb78bd49]: Words in s. 21(2) inserted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 164(a) (with Sch. 2)

[^key-135ce89e36b8d62f6d50e4db280e76b6]: Words in s. 21(2) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 164(b), Sch. 3 Pt. 1 (with Sch. 2)

[^key-23ef1b864344f53f793055a1e02e9038]: Words in Sch. 3 para. 1(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 165(2) (with Sch. 2)

[^key-a36d52d604cb87feedbb2bd0a6fa8b95]: Words in Sch. 3 para. 2A(2)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 165(3) (with Sch. 2)

[^key-35c27d45177c02b262a52695f674d75f]: Words in Sch. 3 para. 5(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 165(4) (with Sch. 2)

[^key-65c2fc851081e19b276b50bd2f6c4734]: Words in Sch. 3 para. 5(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 165(5) (with Sch. 2)

[^key-b838b13ce62e49663518e5f9e5324597]: Words in Sch. 4 para. 2(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 166(2) (with Sch. 2)

[^key-62d63807cb9433d8d7f20d67de228a19]: Words in Sch. 4 para. 4(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 166(3) (with Sch. 2)

[^key-1c60983f78b6091dd28456e210d850f8]: Words in Sch. 4 para. 7(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 166(4) (with Sch. 2)

[^key-e09eb20ee95a56f073ee528a08754b65]: Words in Sch. 5 para. 2B(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 167 (with Sch. 2)

[^key-ded170333c1dbc27d2ef88e10442ff83]: Sch. 2 para. 1(1) Table entries omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 18(3); S.I. 2010/867, art. 2(2)

[^key-49d7b9ad60bfcb0f6afcfdf52fe13bc2]: Sch. 2 para. 1(1) Table entry omitted (1.4.2011) by virtue of Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 7

[^key-9692e2bcceac7bd43363de4befe90ca8]: Sch. 2 para. 10(1A) inserted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 19; S.I. 2010/867, art. 2(2)

[^key-472fdbe493787ade274b6cd3ee541928]: Words in Sch. 2 para. 10(1A) substituted (1.4.2011) by Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 8

[^key-d628047272d775d9f042ac450c78e414]: Sch. 2 para. 12(1A)(1B) inserted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 20(2); S.I. 2010/867, art. 2(2)

[^key-bd06bec2be547652296c25a8aa66decc]: Sch. 2 para. 12(1B)(aa) inserted (1.4.2011) by Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 9(b)

[^key-666979c86935ee77063698bacb543af2]: Words in Sch. 2 para. 12(2) omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 20(3)(a); S.I. 2010/867, art. 2(2)

[^key-bbc2b929a105b723fc376187b2686bb5]: Words in Sch. 2 para. 12(2) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 20(3)(b); S.I. 2010/867, art. 2(2)

[^key-ebf5ade500f4cc8b4717db76091d9626]: Words in Sch. 2 para. 12(2) inserted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 20(3)(c); S.I. 2010/867, art. 2(2)

[^key-410f29c2e362750883223446704ebaf7]: Word in Sch. 2 para. 12(1B)(a) omitted (1.4.2011) by virtue of Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 9(a)

[^key-194a96fbc27351fddf44c2cb3250dedf]: Words in Sch. 2 para. 12A(1) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 21; S.I. 2010/867, art. 2(2)

[^key-09fece759e499afa691fbd5d4734cee2]: Sch. 2 para. 12B inserted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 22; S.I. 2010/867, art. 2(2)

[^key-359d1a647aa16484b718fe9932362054]: Sch. 2 paras. 13A-13F and cross-headings inserted (1.4.2011) by Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 10

[^key-b729117d254a32ee88b8bfa4ff8140b0]: Sch. 2 para. 14(1A) inserted (1.4.2011) by Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 11(2)

[^key-f3646d10fe21fdc09f4ca5d1f3ed9230]: Sch. 2 para. 14(10A) inserted (1.4.2011) by Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 11(5)

[^key-fce5d6a19896f26a72f4b9b05c846e30]: Words in Sch. 2 para. 14(9) substituted (1.4.2011) by Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 11(3)

[^key-28a9ded5fe554acd4be070be2e0e6953]: Words in Sch. 2 para. 14(10) substituted (1.4.2011) by Finance (No. 3) Act 2010 (c. 33), s. 28(2), Sch. 12 para. 11(4)

[^key-e7bdbb1446a63de4084190edfe4e9670]: Words in Sch. 5 para. 2(1) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 23(2); S.I. 2010/867, art. 2(2)

[^key-2a0168685904a321264e184a9b69bca8]: Words in Sch. 5 para. 2(7)(c) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 23(3)(a); S.I. 2010/867, art. 2(2)

[^key-7cf11c8bab2dffd5decaccb992727575]: Words in Sch. 5 para. 2(7) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 23(3)(b); S.I. 2010/867, art. 2(2)

[^key-807e745c9ead783be65b8318fb336739]: Sch. 5 para. 9(2B)(2C) inserted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(4); S.I. 2010/867, art. 2(2)

[^key-b2b307609c5b110d43fc8684bc595694]: Sch. 5 para. 9(12)(13) inserted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(6); S.I. 2010/867, art. 2(2)

[^key-dc70b8060d410b6f55ee755dccc5b700]: Words in Sch. 5 para. 9(1) omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(2)(a); S.I. 2010/867, art. 2(2)

[^key-670083a4a79ce9dba360c55c16c28880]: Words in Sch. 5 para. 9(1) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(2)(b); S.I. 2010/867, art. 2(2)

[^key-0837d3a60f943986db282b84cd7cfbcc]: Words in Sch. 5 para. 9(1) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(2)(c); S.I. 2010/867, art. 2(2)

[^key-48ed70d48722e4271b9abeeff7f6b1f2]: Sch. 5 para. 9(2A) omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(3); S.I. 2010/867, art. 2(2)

[^key-b007b24676481c0c961d712baade4edc]: Sch. 5 para. 9(11) omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(5); S.I. 2010/867, art. 2(2)

[^key-a78166b23e7fd2f2b234c5e371a5dcb5]: Sch. 5 para. 9(1A)-(1C) omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 24(3); S.I. 2010/867, art. 2(2)

[^key-62efacdcebce578fc2aa3c819a5e06e9]: Words in Sch. 6 para. 1(2) substituted (1.4.2011) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 25(2); S.I. 2010/867, art. 2(2)

[^key-3789d65f10858c68deb79bced48eb3e1]: Words in Sch. 6 para. 2 omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 25(3); S.I. 2010/867, art. 2(2)

[^key-aa3c2b212c78b48c67a7deb42ed8da48]: Words in Sch. 7 para. 1(3) omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 26(a); S.I. 2010/867, art. 2(2)

[^key-8a94fd938370e9e7002037bc8cb23a99]: Words in Sch. 7 para. 1(3) omitted (1.4.2011) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 26(b); S.I. 2010/867, art. 2(2)

[^key-3cf458df2f16ef4b532cd8e95df4a4d4]: Sch. 1 para. 7(2)-(9) applied by 2010 c. 4, s. 350(3) (as substituted (with effect in accordance with s. 63(4) of the amending Act) by Finance Act 2011 (c. 11), s. 63(2))

[^key-5d8dafa334b989a145767ab1cfb9d755]: Words in Sch. 1 para. 7(4) substituted (with effect in accordance with s. 61(2) of the amending Act) by Finance Act 2011 (c. 11), s. 61(1)

[^key-80956497a601f2bfdfad8f731835d159]: Sch. 2 para. 1(1) Table entry omitted (1.4.2013) by virtue of Finance Act 2012 (c. 14), s. 223, Sch. 38 para. 51 (with Sch. 38 para. 43); S.I. 2013/279, art. 2

[^key-23a2e454cf874f9c4a29b420b0f07393]: Sch. 2 para. 13B(9)(10) inserted (with effect in accordance with s. 231(5) of the amending Act) by Finance Act 2013 (c. 29), s. 231(2)

[^key-a93cd8d48ff7dc7f0b6221a1d2d6fc54]: Words in Sch. 2 para. 13C(3) inserted (with effect in accordance with s. 232(4) of the amending Act) by Finance Act 2013 (c. 29), s. 232(2)

[^key-ecba8bf665f98be6b54b4753c1df6318]: Sch. 3 para. 8(1A)(1B) inserted (with effect in accordance with Sch. 31 para. 23 of the amending Act) by Finance Act 2013 (c. 29), Sch. 31 para. 3

[^key-94dc046f641aaa2b371efb7ceb4dd2fa]: Words in Sch. 5 para. 2C(2) substituted (with effect in accordance with Sch. 31 para. 23 of the amending Act) by Finance Act 2013 (c. 29), Sch. 31 para. 4

[^key-1f83d9e2563ab35e75ce586b27aae3b0]: Sch. 2 para. 12B(2A) inserted (17.7.2014) by Finance Act 2014 (c. 26), s. 277(2)(b) (with ss. 269-271)

[^key-4d6ac92f6b4e0678afeeaeaad98fb2d8]: Words in Sch. 2 para. 12B(1) inserted (17.7.2014) by Finance Act 2014 (c. 26), s. 277(2)(a) (with ss. 269-271)

[^key-bdb2b8f2f0a6b10ba1503c28824dc301]: Words in Sch. 2 para. 12B(5) substituted (17.7.2014) by Finance Act 2014 (c. 26), s. 277(2)(c) (with ss. 269-271)

[^key-0bfa2d6b47f130bb351246d7f8b3bab1]: Words in Sch. 2 para. 12B(6) substituted (17.7.2014) by Finance Act 2014 (c. 26), s. 277(2)(d) (with ss. 269-271)

[^key-d944aca84a8c4caf433fcd67e637f00e]: Word in s. 1(2) substituted (with effect in accordance with s. 140(4) of the amending Act) by Finance Act 2016 (c. 24), s. 140(1)

[^key-b843a507269df1320b252ebda960201f]: Words in Sch. 2 para. 17(5)(b) omitted (with effect in accordance with s. 140(4) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 140(2)

[^key-621082ba24400ab15ca650c4c6043c9d]: Word in s. 2(7)(c) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(2)

[^key-edd44a5b03be99cab3e0d22c6edcf18d]: Word in s. 3 substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(3)

[^key-8f7a5206693e3d95aa12cba3d2c12939]: Word in s. 5A substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(4)

[^key-a9b4dadf023a33456e05af38f8c3af88]: Word in s. 10(3B) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(5)(a)

[^key-77aadea1100d71cd4b5afa3b148a9d2e]: Word in s. 10(3B) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(5)(b)

[^key-f17d498eb0f9c5b7b71b7dcf18913bd1]: Words in s. 12(1) inserted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(6)(a)(ii)

[^key-7d74d7ea7c9f027279b9b4cd08a8d19c]: Word in s. 12(1A)(a)(ii) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(6)(b)

[^key-b51c68b08e21a69910d4da18fc3122d4]: Words in s. 12(4) inserted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(6)(c)

[^key-0d52175b8a39c42e62b3c19e4c72648d]: Word in Sch. 1 para. 1(2) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(7)

[^key-d9ab7a0f0c1adf587f59514ac261132e]: Word in Sch. 2 para. 2(2)(c) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(8)

[^key-22a5ef30c65c0795748385644eb299f0]: Word in Sch. 2 para. 2(3)(d) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(8)

[^key-81300ec39b7ed03d5e053e04649667de]: Word in Sch. 3 para. 4 substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 4(9)

[^key-f73be0b66449df79b35afef2a125de66]: Words in s. 6(1A) substituted (retrospective to 23.11.2016) by Finance (No. 2) Act 2017 (c. 32), s. 44(2)(4)

[^key-ca0163ce613e5a8a65abd8a69249d8e0]: S. 12(1) modified (temp.) (9.2.2018) by The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 (S.I. 2018/79), regs. 1(2), 3 (with reg. 2)

[^key-231b3538df03c9551fd6300d7ecca8c1]: Words in s. 12(1A)(a)(ii) inserted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(19), 72(4)(c); S.I. 2018/163, reg. 2(b)

[^key-aae953c45b849ee4b5ae2cb3b0be0842]: Words in Sch. 1 para. 1(2)(a) inserted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(20)(a), 72(4)(c); S.I. 2018/163, reg. 2(b)

[^key-f4f4ec749c241ff5dede57db6ef41ac7]: Sch. 1 para. 1(2)(aa)(ab) inserted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(20)(b), 72(4)(c); S.I. 2018/163, reg. 2(b)

[^key-d27d95d7def9e55f05fc0c56c5d55d5b]: Words in s. 12(1) substituted (1.10.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 6 para. 19(2) (with Sch. 7 paras. 1, 6); S.I. 2017/1179, reg. 4(b)

[^key-7b1ac4201b4827af884f8e1543e2eefb]: Words in s. 12(1) inserted (1.10.2018 immediately after 2017 c. 4, Sch. 6 Pt. 2 comes into force) by The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 (S.I. 2018/79), regs. 1(3), 8

[^key-3e00e37f45c0598a34d494b702cfa14e]: Words in s. 12(1A)(a)(ii) inserted (1.10.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 6 para. 19(3) (with Sch. 7 paras. 1, 6); S.I. 2017/1179, reg. 4(b)

[^key-5c5eee1d2ea9427911bae375fe2aafaf]: Sch. 1 para. 1(2)(ac)(ad) inserted (1.10.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 6 para. 20 (with Sch. 7 paras. 1, 6); S.I. 2017/1179, reg. 4(b)

[^key-3934dcd48582f7740ae17f904e130f68]: Sch. 3 para. 11A and cross-heading inserted (12.2.2019) by Finance Act 2019 (c. 1), s. 38(2)

[^key-8225ddea4b330f83c57854b9b01fbae7]: Sch. 3 para. 8(3) inserted (12.2.2019) by Finance Act 2019 (c. 1), s. 38(3)

12A

• (1) This section has effect for the purpose of determining the date on which any oil to which it applies is to be regarded for the purposes of this Part as delivered or relevantly appropriated.

• (2) This section applies to—

• (a) oil (not being light gases) won from a field and disposed of crude by a participator otherwise than in sales at arm's length, and

• (b) oil (not being light gases) so won and relevantly appropriated by a participator,

if the condition in subsection (3)(a) or (b) below is met.

• (3) The condition is that the oil is or has been, or is to be,—

• (a) transported by ship from the place of extraction to a place in the United Kingdom or elsewhere, or

• (b) transported by pipeline to a place in the United Kingdom and loaded on to a ship there.

• (4) The date on which the oil is to be taken to be delivered, or (as the case may be) relevantly appropriated, by the participator is—

• (a) the date of completion of load, in a case where the condition in subsection (3)(a) above is met,

• (b) the date of the bill of lading, in a case where the condition in subsection (3)(b) above is met.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Determination of market value: the notional delivery day for a quantity of oil

1A

• (1) This paragraph has effect for determining, for the purposes of this Schedule, the day which is the “notional delivery day” in the case of any particular quantity of oil of any particular kind whose market value falls to be determined in accordance with the provisions of this Schedule in the case of any chargeable period.

• (2) The notional delivery day need not be a day in the chargeable period.

• (3) In the case of a quantity of oil which, at the end of the chargeable period,—

• (a) has neither been disposed of nor relevantly appropriated in the period, or

• (b) has been disposed of but not delivered in the period,

the notional delivery day is the last business day of the chargeable period.

• (4) In the case of—

• (a) a quantity of oil won and disposed of which is delivered on a day in the chargeable period, or

• (b) a quantity of oil—

• (i) relevantly appropriated on a day in the chargeable period, but

• (ii) not disposed of in the chargeable period,

the notional delivery day is to be determined in accordance with sub-paragraphs (5) to (7) below.

• (5) If that oil is—

• (a) oil transported by ship from the place of extraction to a place in the United Kingdom or elsewhere, or

• (b) oil transported by pipeline to a place in the United Kingdom and loaded on to a ship there,

and there is a loading slot for it (see sub-paragraph (8)), the notional delivery day is the middle day of the loading slot.

• (6) If sub-paragraph (5) above does not apply to that oil, then—

• (a) if it is oil delivered on a day in the chargeable period, the notional delivery day is the date of the delivery, or

• (b) if it is oil relevantly appropriated on a day in the chargeable period, the notional delivery day is the date of the appropriation.

• (7) The Treasury may by regulations make provision for or in connection with substituting as the notional delivery day in such circumstances as may be prescribed—

• (a) in the case of oil transported by ship from the place of extraction to a place in the United Kingdom or elsewhere, the date of completion of load, or

• (b) in the case of oil transported by pipeline to a place in the United Kingdom and loaded on to a ship there, the date of the bill of lading.

• (8) The “loading slot” for any oil is the period of three days within which the loading of the oil on to the ship is or was to take place—

• (a) as duly published by the operator of the facility at which that loading is or was to take place (unless paragraph (b) below applies), or

• (b) as subsequently finally duly varied to give effect to any modifications duly notified to that operator by the participator concerned.

• (9) In sub-paragraph (8) above, “duly” means in accordance with the arrangements for the time being governing the time and manner of—

• (a) publication, or variation, of the final loading schedule for the calendar month in which loading is or was to take place, or

• (b) notification of modifications to that schedule,

and, in any case, before the end of the calendar month immediately preceding that in which loading is to take place.

• (10) If the Treasury consider that, for the purpose of defining “loading slot”, any period of days for the time being specified by or under this Act as the period of days within which loading of oil on to a ship is to take place is, or is to be, no longer appropriate, they may by regulations make provision for, or in connection with,—

• (a) varying the number of days in the period,

• (b) determining the day that is to be the notional delivery day if the number, as varied, is an even number.

The power conferred by this sub-paragraph includes power to make amendments to, or modifications of, this Schedule.

Power to make regulations under this Schedule

12

• (1) Any power to make regulations under this Schedule is exercisable by statutory instrument.

• (2) A statutory instrument containing regulations under this Schedule may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.

• (3) Any power to make regulations under this Schedule includes power—

• (a) to make different provision for different Categories or kinds of oil or for different cases, or

• (b) to make incidental, consequential, supplemental, or transitional provision or savings.

2B

• (1) No amount is to be attributed to a contributing participator under paragraph 2A(2) unless the following conditions are all met.

• (2) The first condition is that the contributing participator is not connected with the defaulter, applying section 1122 of CTA 2010 (connected persons) for the purposes of this sub-paragraph.

• (3) The second condition is that, at the end of the claim period for which the claim is made, the defaulter still has an interest in the relevant oil field which, under paragraph 2(4)(b), falls to be taken into account in determining the shares in the abandonment expenditure.

• (4) The third condition is that the relevant participators have taken all reasonable steps by way of legal remedy—

• (a) to secure that the defaulter meets the whole of the liability referred to in paragraph 2A(1)(a), and

• (b) to enforce any guarantee or other security provided in respect of that liability.