# The Oil Taxation (Nomination Scheme for Disposals) (Amendment) Regulations 2007, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Oil Taxation (Nomination Scheme for Disposals) Regulation 1987 (S.I. 1987/1338 as amended) to extend the scope of the nominations scheme under section 61 of the Finance Act 1987 (c. 16) to include Brent-Forties-Oseberg-Ekofisk forward contracts.
This amendment falls within the scope of a full regulatory impact assessment that was prepared by HM Revenue and Customs in respect of Part 5 of the Finance (No.2) Bill of the 2005-06 session and was published on 22nd March 2006. That Bill received Royal Assent as the Finance Act 2006.

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Source: https://www.legislation.gov.uk/uksi/2007/1454/note (the official version)
Page: https://openlegislation.uk/oil-taxation-nomination-scheme-for-disposals-amendment-regulations-2007/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.