# Oil Taxation Act 1975, Paragraph 4

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

Oil delivered to the OGA under the terms of a licence granted under Part I of the Petroleum Act 1998shall be disregarded for the purposes of section 2(5) of this Act and for the purposes of the references in section 8(3) and (4) of this Act to a participator’s share of the oil won and saved from an oil field in a chargeable period.

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Source: https://www.legislation.gov.uk/ukpga/1975/22/schedule/3/paragraph/4 (the official version)
Page: https://openlegislation.uk/oil-taxation-act-1975/schedule-3/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.