# Finance Act 2008, Paragraph 8


(1) Schedule 19B (petroleum extraction activities: exploration expenditure supplement) is amended as follows.
(2) In paragraph 1 (provision about the Schedule), in sub-paragraph (7)(b), after “section 393A” insert “ or 393B ”.
(3) In paragraph 17 (ring fence losses and qualifying E&A losses), in sub-paragraph (2)—
(a) the words after “assumed” become sub-paragraph (a), and
(b) at the end of that sub-paragraph insert
“and—
(b) that (where appropriate) section 393B applies in relation to every such claim.”

---
Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/35/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-35/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.