# Advance Petroleum Revenue Tax Act 1986, Paragraph 2


Subject to the following provisions of this Schedule, if a chargeable period is a participator’s net profit period for the purposes of section 111, that period is also his net profit period for the purposes of this Act.

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Source: https://www.legislation.gov.uk/ukpga/1986/68/schedule/paragraph/2 (the official version)
Page: https://openlegislation.uk/advance-petroleum-revenue-tax-act-1986/schedule/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.