Oil Taxation Act 1975 Schedule 2 paragraph 13

Payment of tax

Paragraph 13 sets out the due date for payment of petroleum revenue tax following an assessment on a participator.

• Tax charged in an assessment is due within six months after the end of the chargeable period to which it relates.
• If later, tax is instead due thirty days after the date the notice of assessment is issued.
• The payment deadline is subject to the appeal provisions in paragraph 14 of Schedule 2.
• No tax was payable under this paragraph before 30th April 1976, reflecting the commencement date of the regime.