Related Commentary  

22(1)  Chapter 4 of Part 8 of CTA 2010 (oil activities: calculation of profits) is amended as follows.

22(2)  In section 291 (corporation tax treatment of oil activities: tariff receipts etc), for subsection (9) substitute–

291(9)  “In this section, “tariff receipt” has the meaning given by section 291A.

291(10)  So far as it would not otherwise be the case, anything that constitutes a tariff receipt or a tax-exempt tariffing receipt for the purposes of the Oil Taxation Act 1983 is to be treated as a “tariff receipt” for the purposes of this section.”

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