{
  "url": "https://openlegislation.uk/finance-act-1987/schedule-10/paragraph-1",
  "json_url": "https://openlegislation.uk/finance-act-1987/schedule-10/paragraph-1.json",
  "legislation": "ukpga/1987/16",
  "legislation_title": "Finance Act 1987",
  "legislation_url": "https://openlegislation.uk/finance-act-1987",
  "path": "schedule/10/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) In this Schedule—\n“month” means calendar month;\n“nominal volume” shall be construed in accordance with paragraph 7 below;\n“nominated price” shall be construed in accordance with paragraph 6 below;\n“nominated” means a nomination made in such manner as may be prescribed by regulations made by the Board;\n“proposed sale” ... shall be construed in accordance with paragraph (a) of sub-paragraph (1) of paragraph 2 below;\n“proposed delivery month” shall be construed in accordance with paragraph 12A below;\n“proposed transaction” means one falling within paragraph 2(1) below;\n“regulations made by the Board” means regulations under section 61(8) of this Act; and\n“Treasury regulations” means regulations under 61(7) of this Act.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) Where an amount of oil is required to be delivered to the OGA pursuant to a notice served by it, any oil which is inadvertently delivered to him in excess of the amount required shall be treated for the purposes of sub-paragraph (2) above as delivered pursuant to the notice.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 10 para. 1(1) repealed (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(2)(a)(i), Sch. 26 Pt. 5(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "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)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "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)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sch. 10 para. 1(2) repealed (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(2)(b), Sch. 26 Pt. 5(2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "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"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "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)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1987/16/schedule/10/paragraph/1",
    "retrieved_at": "2026-10-29T09:52:46.435061+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}