# Finance Act 1980, Section 104: Increase of petroleum revenue tax.


(1) In section 1(2) of the Oil Taxation Act 1975 (rate of petroleum revenue tax) for the words “60 per cent.” there shall be substituted the words “ 70 per cent. ”.
(2) This section has effect in relation to chargeable periods ending after 31st December 1979.

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Source: https://www.legislation.gov.uk/ukpga/1980/48/section/104 (the official version)
Page: https://openlegislation.uk/finance-act-1980/section-104
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.