Paragraph 1
United Kingdom
In this Schedule—
“month” means calendar month;
“nominal volume” shall be construed in accordance with paragraph 7 below;
“nominated price” shall be construed in accordance with paragraph 6 below;
“nominated” means a nomination made in such manner as may be prescribed by regulations made by the Board;
“proposed sale” F1... shall be construed in accordance with F2paragraph (a) of sub-paragraph (1) of paragraph 2 below;
“proposed delivery month” shall be construed in accordance with F3paragraph 12A below;
“proposed transaction” means one falling within paragraph 2(1) below;
“regulations made by the Board” means regulations under section 61(8) of this Act; and
“Treasury regulations” means regulations under 61(7) of this Act.
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Annotations
Textual amendments
- F1
Words in Sch. 10 para. 1(1) repealed (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(2)(a)(i), Sch. 26 Pt. 5(2)
- F2
Words in Sch. 10 para. 1(1) substituted (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(2)(a)(iii)
- F3
Words in Sch. 10 para. 1(1) substituted (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(2)(a)(ii)
- F4
Sch. 10 para. 1(2) repealed (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(2)(b), Sch. 26 Pt. 5(2)
- F5
Finance (No. 2) Act 1987 (c. 51, SIF 63:1), s. 101(1)(5) and Sch. 8 para. 1 for calendar months in chargeable periods beginning with March 1987
- F6
Word in Sch. 10 para. 1(3) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 9(2)(a)
- F7
Word in Sch. 10 para. 1(3) substituted (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 9(2)(b)
Notes on Schedule 10
Modifications
- C1
For regulations supplementing and modifying Sch. 10 for certain cases see Part III (under “Petroleum Revenue Tax: nomination scheme for disposals and appropriations”)