Abandoned

– see Abandoned field

Allowable expenditure

– see Allowable expenditure

Areas that are oil fields

Legislation/Regulatory – OTA75 Sch. 1, para. 1-5

Areas treated as continuing to be

Legislation/Regulatory – OTA75 Sch. 1, para. 6, 7

Assets no longer in use for principal field

Legislation/Regulatory – OTA83 Sch. 1, para. 3

Associated company, transfer of participator's rights to

Legislation/Regulatory – OTA75 Sch. 3, para. 5

Chargeable period

Legislation/Regulatory – OTA75 s. 1(3)

Construction

Legislation/Regulatory – OTA75 s. 12(3)

Decommissioning costs, former licensees

Legislation/Regulatory – FA2009 Sch. 42 ; OTA75 s. 12(1), (1A), Sch. 1, para. 6, 7

Determination

Appropriate authority

Legislation/Regulatory – OTA75 Sch. 1, para. 1(2)

Areas treated as continuing to be

Legislation/Regulatory – OTA75 Sch. 1, para. 7

Consequential amendments

Legislation/Regulatory – FA82 s. 135(3)

Designation, form of

Legislation/Regulatory – OTA75 Sch. 1, para. 3

Licensees, representations by

Legislation/Regulatory – OTA75 Sch. 1, para. 2

Meaning

Legislation/Regulatory – OTA75 Sch. 1, para. 1(1)

Notice to be given

Legislation/Regulatory – OTA75 Sch. 1, para. 4

Oil won before

Legislation/Regulatory – FA82 s. 135(1)

Proposed determination

Legislation/Regulatory – OTA75 Sch. 1, para. 2

Qualifying assets

Legislation/Regulatory – OTA75 Sch. 1, para. 7

Variation of field

Legislation/Regulatory – FA82 s. 135(2) ; OTA75 Sch. 1, para. 5

Development on or after 16 March 1993, abolition of petroleum revenue tax

Legislation/Regulatory – FA2007 s. 102 ; FA2008 s. 107 ; FA93 s. 185

Election to become non-taxable

Legislation/Regulatory – FA2008 s. 107, Sch. 33 ; FA93 s. 185, Sch. 20A

Exploration and appraisal, allowance of expenditure

– see Allowable expenditure

Foreign

– see Foreign field

Meaning

Legislation/Regulatory – OTA75 s. 12(1)

New

Cross-field allowance

Legislation/Regulatory – FA87 s. 65, Sch. 14

Increased oil allowance for

Legislation/Regulatory – FA83 s. 36

Oil allowance for

Legislation/Regulatory – OTA75 s. 8(2)

Onshore, reduced oil allowance for

Legislation/Regulatory – FA88 s. 138

Participators

– see Participators

Responsible person

– see Responsible person

Transfer of interests

Abortive exploration expenditure

Legislation/Regulatory – FA80 Sch. 17, para. 16

Accumulated capital expenditure

Legislation/Regulatory – FA80 Sch. 17, para. 8

Advance payments

Legislation/Regulatory – FA80 Sch. 17, para. 13

Application

Legislation/Regulatory – FA80 s. 106

Excluded oil

Legislation/Regulatory – FA80 Sch. 17, para. 9

Exclusion

Legislation/Regulatory – FA80 Sch. 17, para. 4

Expenditure supplement, restriction of

Legislation/Regulatory – FA81 s. 112

Exploration and appraisal expenditure

Legislation/Regulatory – FA80 Sch. 17, para. 16A

Instalment payments

Legislation/Regulatory – FA82 Sch. 19, para. 15

Interpretation

Legislation/Regulatory – FA80 Sch. 17, para. 1

Long-term assets, disposal of

Legislation/Regulatory – FA80 Sch. 17, para. 19

New participator, losses of

Legislation/Regulatory – FA80 Sch. 17, para. 14

Notice

Legislation/Regulatory – FA80 Sch. 17, para. 3
HMRC Guidance – OT19200 ; OT19225

Oil allowance

Legislation/Regulatory – FA80 Sch. 17, para. 17

Oil already won, transfer of

Legislation/Regulatory – FA80 Sch. 17, para. 20

Partial

Legislation/Regulatory – FA80 Sch. 17, para. 5

Payments on account

Legislation/Regulatory – FA80 Sch. 17, para. 13

Research expenditure

Legislation/Regulatory – FA80 Sch. 17, para. 16B

Royalty payments

Legislation/Regulatory – FA80 Sch. 17, para. 12

Share of oil, retention of

Legislation/Regulatory – FA80 Sch. 17, para. 21

Successive

Legislation/Regulatory – FA80 Sch. 17, para. 10

Terminal losses

Legislation/Regulatory – FA80 Sch. 17, para. 15

Unused expenditure relief

Legislation/Regulatory – FA80 Sch. 17, para. 6

Unused losses

Legislation/Regulatory – FA80 Sch. 17, para. 7

Year of transfer, limit on tax payable

Legislation/Regulatory – FA80 Sch. 17, para. 18

Transmedian

Legislation/Regulatory – FA80 s. 107

Unrelievable loss, allowance of

Legislation/Regulatory – OTA75 Sch. 8

Use in connection with

Legislation/Regulatory – OTA75 s. 12(2)
HMRC Guidance – OT28065