Oil Taxation Act 1983 section Schedule 3 paragraph 1

Definitions and interpretation for Schedule 3

Schedule 3, paragraph 1 sets out the key definitions and rules of interpretation used throughout Schedule 3, which deals with the tariff receipts allowance under section 9 of the Oil Taxation Act 1983.

• "The principal section" is defined as section 9 of the Oil Taxation Act 1983, which governs the tariff receipts allowance.
• "Receipts from existing contracts" means qualifying tariff receipts arising under contracts of the type described in section 9(3) — that is, contracts already in place at the relevant time.
• All other terms used in the Schedule carry the same meanings as in section 9 itself, ensuring consistency across the provisions.
• When the Schedule refers to "the oil to which qualifying tariff receipts relate" for a user field, this means the oil won from that field which, during the chargeable period in question, is being extracted, transported, initially treated or initially stored using the relevant asset.

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