1(1)  In Part 2 of ITTOIA 2005 (trading income), Chapter 16A (oil activities) is amended as follows.

1(2)  [Inserts ITTOIA 2005, s. 225N(1A) and amends (2).]

1(3)  In section 225R (introduction to sections 225S and 225T)–

(c)[inserts ITTOIA 2005, s. 225R(1A),]

2(1)  In Part 8 of CTA 2010 (oil activities), Chapter 4 (calculation of profits) is amended as follows.

2(2)  [Inserts CTA 2010, s. 292(1A) and amends (2).]

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