# Oil Taxation Act 1983, Paragraph 7


(1) In relation to a foreign field, every half year beginning on or after 1st July 1982 shall be taken to be a chargeable period.
(2) In this paragraph “half year” has the same meaning as in section 1 of the principal Act.
(3) Any reference in this Schedule to the chargeable period to which any chargeable receipts of a participator in a foreign field are attributable is,—
(a) in the case of chargeable receipts falling within paragraph (c) of subsection (1) of the principal section, a reference to the chargeable period in which the disposal referred to in that paragraph occurs; and
(b) in any other case, a reference to the chargeable period in which the receipts are received or receivable by him.

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Source: https://www.legislation.gov.uk/ukpga/1983/56/schedule/4/paragraph/7 (the official version)
Page: https://openlegislation.uk/oil-taxation-act-1983/schedule-4/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.