Paragraph 12

Section 98 of the Finance Act 1999 (c. 16) is amended as follows.

After the words “tariff receipts”, in each place where they occur, insert “ , tax-exempt tariffing receipts ”.

After subsection (6) insert—

“(6A)

In relation to tax-exempt tariffing receipts, any reference in this section—

(a)

to being attributable to a field for a period, or

(b)

to being referable to an asset,

shall be construed as if tax-exempt tariffing receipts were tariff receipts (and expenditure were or had been allowable accordingly).”.