{
  "url": "https://openlegislation.uk/finance-act-2025/schedule-3/paragraph-5",
  "json_url": "https://openlegislation.uk/finance-act-2025/schedule-3/paragraph-5.json",
  "legislation": "ukpga/2025/8",
  "legislation_title": "Finance Act 2025",
  "legislation_url": "https://openlegislation.uk/finance-act-2025",
  "path": "schedule/3/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Application of the Energy (Oil and Gas) Profits Levy Act 2022",
  "text": "Section 1 of the Energy (Oil and Gas) Profits Levy Act 2022 has effect in relation to a company that has transferred relevant transferred plant or machinery to a licensed company as if in subsection (5) (assumptions in determining levy profits or loss), after paragraph (c) there were inserted—\n“(ca) any amount received from a licensed company (within the meaning of Schedule 3 to FA 2025) for relevant transferred plant or machinery (within the meaning of that Schedule) that would otherwise be brought into account when calculating the amount of the profits or loss of any ring fence trade of the company for the period is left out of account,”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2025/8/schedule/3/paragraph/5",
    "retrieved_at": "2026-10-29T08:47:01.939707+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}