Paragraph 3 Instalment Payments Regulations 1998I1

United Kingdom

(1)

The Instalment Payments Regulations 1998 are amended as follows.

(2)

In regulation 3 (large and very large companies), in paragraph (9), at the end insert “and apart from the provision made by the Energy (Oil and Gas) Profits Levy Act 2022”.

(3)

In regulation 5AZB, in the heading, for “and adjusted ring fence profits” substitute “, adjusted ring fence profits and levy profits”.

(4)

In regulation 5A (instalment payments —ring fence profits and adjusted ring fence profits)—

(a)

in paragraph (1)—

(i)

for “and supplementary charge” substitute “, supplementary charge and energy (oil and gas) profits levy”, and

(ii)

for “and adjusted ring fences profits” substitute “, adjusted ring fence profits and levy profits”, and

(b)

in paragraph (9), after “the appropriate decimal” insert—

““energy (oil and gas) profits levy” has the same meaning as in the Energy (Oil and Gas) Profits Levy Act 2022;

“levy profits” has the same meaning as in the Energy (Oil and Gas) Profits Levy Act 2022;”.

Annotations

Commencement

I1: Sch. 2 para. 3 in force at Royal Assent