Section 225D Meaning of “ring fence trade”F1
In this Chapter “ring fence trade” means activities which—
(a)
are within the definition of “oil-related activities” in section 16(2) (oil extraction and related activities), and
(b)
constitute a separate trade (whether because of section 16(1) or otherwise).
Annotations
Textual amendments
- F1
Pt. 2 Ch. 16A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 1 para. 2 (with Sch. 9 paras. 1-9, 22)