Paragraph 2

(1)

Section 2 is amended as follows.

(2)

In subsection (4)(b) (one-half of the market value in the last calendar month of the preceding period) for “in the last calendar month” substitute “ on the last business day ”.

(3)

In subsection (5)(d) (one-half of the market value in the last calendar month of the period) for “in the last calendar month” substitute “ on the last business day ”.

(4)

In subsection (5A), in the opening words, after “or another country” insert “ , or from its place of extraction (where that is in the territorial sea of the United Kingdom or a designated area), ”.

(5)

In subsection (9)(a)(i) (5% provisional allowance: deliveries)—

(a)

for “in the calendar month in which the delivery was made” substitute “ as determined in accordance with Schedule 3 to this Act for each of the deliveries ”;

(b)

for “Schedule 3 to this Act” substitute “ that Schedule ”.

(6)

In subsection (9)(a)(ii) (5% provisional allowance: relevant appropriations)—

(a)

for “in the calendar month in which the appropriation was made” substitute “ as determined in accordance with Schedule 3 to this Act for each of the appropriations ”;

(b)

for “Schedule 3 to this Act” substitute “ that Schedule ”.