Paragraph 5A F1

(1)

The requirements of this paragraph for a nomination in respect of a proposed transaction are—

(a)

the name of the participator or of the group of which the participator is a member;

(b)

the name of the person to whom the oil is to be sold, or the name of the group of which that person is a member;

(c)

the blend or grade of oil to be delivered;

(d)

the nominated price of the oil to be delivered;

(e)

the nominal volume of the oil;

(f)

the proposed delivery month;

(g)

the transaction base time; and

(h)

such other information as may be prescribed by the Board.

(2)

In sub-paragraph (1) “ group ” has the meaning given by section 53 of the Companies Act 1989.

Annotations

F1: Sch. 10 paras. 5A, 5B inserted (with effect in accordance with s. 150(14) of the amending Act) by Finance Act 2006 (c. 25), s. 150(7)

C1: For regulations supplementing and modifying Sch. 10 for certain cases see Part III (under “Petroleum Revenue Tax: nomination scheme for disposals and appropriations”)