Section 134

Cross references

FA 1986, Sch. 21: modifications of Sch. 18 in relation to elections under FA 1986, s. 109 (election for alternative valuation of light gases other than ethane used for petrochemical purposes).


THE ELECTION

1(1)  An election shall be made–

(a)in so far as it is to apply to ethane which is relevantly appropriated, by the participator alone; and

(b)in so far as it is to apply to ethane which is disposed of, by the participator and the person to whom it is disposed of.

1(2)  An election shall be made in such form as may be prescribed by the Board and shall–

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