63 Reduction of supplementary charge for certain new oil fields
Finance Act 2011 (2011 c 11) | Legislation

63  Reduction of supplementary charge for certain new oil fields

(1)     In section 337 of CTA 2010 (initial licensee to hold a field allowance), in subsection (1), for “authorisation day” substitute “accounting period in which the authorisation day falls”.

(2)     For section 350 of that Act (meaning of “new oil field”) substitute—

“350 New oil field”

(1)     In this Chapter “new oil field” means an oil field—

(a)     which is

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