# Finance Act 2006, 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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-18/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.