# Oil Taxation Act 1983, Paragraph 11

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

(1) In the following provisions of this Schedule expenditure which falls within paragraphs (a) and (b) of sub-paragraph (1) of paragraph 10 above is referred to as “qualifying expenditure”.
(2) In relation to qualifying expenditure, references in section 3 of the principal Act to tariff receipts shall be construed as references to chargeable receipts falling within paragraph (a) or paragraph (b) of subsection (1) of the principal section.
(3) If, on the relevant assumptions . . ., expenditure which was incurred in relation to a field asset but which is not qualifying expenditure would have qualified for supplement as mentioned in subsection (5) of section 3 of the principal Act, then, in relation to qualifying expenditure which relates to that field asset, subsection (5A) of that section shall have effect with the omission of paragraph (a).
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In relation to qualifying expenditure which is allowable expenditure within the meaning of Part II of Schedule 1 to this Act, in paragraph 8 of that Schedule—
(a) any reference to disposal receipts shall be construed as a reference to chargeable receipts falling within subsection (1)(c) of the principal section; and
(b) any reference to tariff receipts shall be construed as a reference to other descriptions of chargeable receipts.

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Source: https://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/11 (the official version)
Page: https://openlegislation.uk/oil-taxation-act-1983/schedule-4/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.