Tariff receipts are charged subject to an allowance called a tariff receipts allowance (TRA) given under OTA 1983, s. 9 and Sch. 3. The TRA is similar in design to the oil allowance described at ¶797-975ff.; its purpose appears to be to encourage companies to share pipelines and facilities and to develop small fields.
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.