Related Commentary  Related HMRC Manuals

149(1)  In this Part–

“the actual provision”, and

“the affected persons”,

have the meaning given by section 147(1).

149(2)  Subsection (1) does not apply if Chapters 1 and 3 to 6 apply in accordance with section 205(2) to (4) (oil-related ring-fence trades) but, in that event, in this Part–

“the actual provision” means the provision mentioned in section 205(1)(b), and

“the affected persons” means the two persons mentioned in section 205(2).

149(3)  Subsections (1) and (2) are subject to subsection (4).

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