30 Disregard for tax purposes of provisions recognised by NDA
Energy Act 2004 (2004 c 20) | Legislation

30  Disregard for tax purposes of provisions recognised by NDA

(1)     This section applies where—

(a)     by virtue of a direction under section 3 the NDA acquires the responsibility for securing the cleaning-up of a site falling within subsection (2), or the decommissioning of an installation or facility in or on such a site;

[(b)     that responsibility—

(i)     includes the financial responsibility under section 21, or

(ii)     would do so but for the fact that the amount of the financial responsibility is for the time being subject to a limit imposed by a capping agreement;]

(c)     . . . the NDA recognises in its accounts,

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