Oil Taxation Act 1975 section 14B

Participator requires review by HMRC

Section 14B sets out the process by which a participator in an oil field can require HMRC to carry out a formal review of a disputed matter, and the circumstances in which that right is not available.

• A participator can notify HMRC that they require a review of a disputed matter, and HMRC must then provide their view of the matter within 30 days (or a longer reasonable period) and conduct the review.
• The right to request a review is not available if the participator has already requested a review of the same matter, if HMRC have already offered a review of that matter, or if the participator has already referred the appeal to the tribunal.
• HMRC must carry out the review in accordance with the procedures set out in paragraph 14E of Schedule 2 to the Act.
• The relevant time limit for HMRC to notify the participator of their view is 30 days from receiving the participator's notification, or a longer period if that is reasonable in the circumstances.