Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Oil Taxation Act 1983 section Schedule 4 paragraph 9
Application of PRT rules to foreign field profits and losses
Schedule 4 paragraph 9 explains how the standard petroleum revenue tax (PRT) legislation applies to assessable profits and allowable losses from foreign fields, with one important exception: oil allowance is not available.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.