Chancery Division.

Sir John Vinelott.

Judgment delivered 8 June 1995.

Petroleum revenue tax – Tariff receipts allowance – Taxation of payment received for use of pipeline – Cash equivalent of oil allowed before receipts taxable – Participators in another ‘user’ field bought 15 per cent share of pipeline but transported more oil than the 15 per cent interest entitled them to – Whether allowance calculated in relation to all the oil transported or only oil to which tariff receipts related – Oil Taxation Act 1983, Sch. 3, para. 1(2) .

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