# Oil Taxation Act 1975, Paragraph 12A

Extent: E+W+S+N.I.

(1) Where—
(a) the Board has extended the period for the delivery of any return that is required under paragraph 2 of this Schedule to be delivered for any chargeable period, and
(b) the relevant time falls more than one year after the end of the chargeable period,
the period within which the Board may make an assessment under this Schedule for that chargeable period shall not expire before the end of the period of 4 years beginning with the relevant time.
(2) In this paragraph “the relevant time” means the earlier of—
(a) the time which, as a result of the extension, is the latest time for the delivery of the return; and
(b) the time when the return is delivered.

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Source: https://www.legislation.gov.uk/ukpga/1975/22/schedule/2/paragraph/12A (the official version)
Page: https://openlegislation.uk/oil-taxation-act-1975/schedule-2/paragraph-12A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.