102 Meaning of “participator”
Finance Act 2008 (2008 c 9) | Legislation

Part 6 Oil

Petroleum revenue tax

102  Meaning of “participator”

(1)     In section 12 of OTA 1975 (interpretation of Part 1), the definition of “participator” is amended as follows.

(2)     In the words before paragraph (a), after “chargeable period” insert “(“the relevant chargeable period”)”.

(3)     In paragraphs (a), (b) and (c), for “that chargeable period” substitute “the relevant chargeable period”.

(4)     At the end of paragraph (c) insert “and

(d)     a former participator to whom an amount is attributed

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