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Oil Taxation Act 1983

▸ Reliefs for expenditure (ss 1-5)
  • Section 1 – Expenditure incurred on non-dedicated mobile assets [OTA 1983 s 1]
  • Section 2 – Dedicated mobile assets [OTA 1983 s 2]
  • Section 3 – Expenditure incurred on long-term assets other than non-dedicated mobile assets [OTA 1983 s 3]
  • Section 3A – Exclusion from section 3(4) of expenditure on assets giving rise to tax-exempt tariffing receipts [OTA 1983 s 3A]
  • Section 4 – Expenditure related to exempt gas and deballasting [OTA 1983 s 4]
  • Section 5 – Miscellaneous amendments relating to reliefs [OTA 1983 s 5]
▸ Charge of receipts (ss 6-12)
  • Section 6 – Chargeable tariff receipts [OTA 1983 s 6]
  • Section 6A – Tax-exempt tariffing receipts [OTA 1983 s 6A]
  • Section 6B – The condition for being a qualifying existing field [OTA 1983 s 6A]
  • Section 7 – Chargeable receipts from disposals [OTA 1983 s 7]
  • Section 7A – Reduction of disposal receipts: use giving rise to tax-exempt tariffing receipts [OTA 1983 s 7A]
  • Section 8 – Qualifying assets [OTA 1983 s 8]
  • Section 9 – Tariff receipts allowance [OTA 1983 s 9]
  • Section 10 – Returns relating to tariff and disposal receipts [OTA 1983 s 10]
  • Section 11 – Charge of receipts [OTA 1983 s 11]
  • Section 12 – Charge of receipts attributable to U.K. use of foreign field asset [OTA 1983 s 12]
▸ Supplementary
  • Section 13 – Transitional provisions [OTA 1983 s 13]
  • Section 14 – Re-opening of decisions for periods before the passing of this Act [OTA 1983 s 14]
  • Section 15 – Short title, interpretation, construction and repeals [OTA 1983 s 15]
▸ SCHEDULE 1 Allowable Expenditure
  • ▸ Part I – Extensions of Allowable Expenditure for Assets Generating Receipts
    • Associated assets
    • Restriction of relief for remote associated assets
    • Assets no longer in use for the principal field
  • ▸ Part II – Special Rules as to Expenditure Allowable in Respect of Fixed Assets and Dedicated Mobile Assets
    • Interpretation
    • Assets acquired etc. for two or more fields
    • Brought-in assets
    • Subsequent use of new asset otherwise than in connection with a taxable field
    • Mobile assets becoming dedicated assets
▸ SCHEDULE 2 Supplemental Provisions as to Receipts from Qualifying Assets
  • ▸ Interpretation
    • 1.(1) Any reference in this Schedule to the use of... [OTA 1983 Sch 2 para 1]
  • ▸ Consideration received by connected persons under avoidance schemes
    • 2.(1) This paragraph applies if consideration in respect of the... [OTA 1983 Sch 2 para 2]
  • ▸ Apportionment of consideration in respect of use or disposal
    • 3. In any case where— (a) consideration received or receivable by... [OTA 1983 Sch 2 para 3]
  • ▸ Cases where all the oil is disregarded under section 10 of the principal Act
    • 4.(1) This paragraph applies in any case where, in computing... [OTA 1983 Sch 2 para 4]
  • ▸ Acquisition otherwise than at arm’s length: limit on tariff and disposal receipts
    • 5.(1) In any case where— (a) in a transaction to... [OTA 1983 Sch 2 para 5]
  • ▸ Transfer of interests in fields
    • 6. In paragraph 19 of Schedule 17 to the Finance Act... [OTA 1983 Sch 2 para 6]
  • ▸ Insurance and compensation payments
    • 7. Any payment by way of insurance or compensation in respect... [OTA 1983 Sch 2 para 7]
  • ▸ Dedicated mobile assets ceasing to be used in connection with participator’s oil field
    • 8.(1) This paragraph applies in any case where— [OTA 1983 Sch 2 para 8]
  • ▸ Disposal receipts in respect of brought-in assets
    • 9. If paragraph 7(4) of Schedule 1 to this Act applies... [OTA 1983 Sch 2 para 9]
  • ▸ Disposal receipts: assets used for deballasting
    • 10. In any case where— (a) section 4(2) of this Act... [OTA 1983 Sch 2 para 10]
  • ▸ Use by connected or associated person: avoidance devices
    • 11.(1) This paragraph applies in any case where— [OTA 1983 Sch 2 para 11]
  • ▸ Purchase at place of extraction
    • 12.(1) Subject to sub-paragraphs (4) to (6) below, in any... [OTA 1983 Sch 2 para 12]
▸ SCHEDULE 3 Tariff Receipts Allowance
  • ▸ The participator’s share
    • 1.(1) In this Schedule— “the principal section” means section 9... [OTA 1983 Sch 3 para 1]
    • 2.(1) Subject to paragraphs 3 and 6 below, where an... [OTA 1983 Sch 3 para 2]
    • 3.(1) This paragraph applies where, for a chargeable period ending...
  • ▸ Qualifying tariff receipts referable to different periods
    • 4.(1) This paragraph applies if any qualifying tariff receipts which... [OTA 1983 Sch 3 para 4]
    • 5.(1) For the purpose of calculating the reduction referred to... [OTA 1983 Sch 3 para 5]
    • 6.(1) In any case where— (a) there are normal qualifying... [OTA 1983 Sch 3 para 6]
▸ SCHEDULE 4 Receipts Attributable to United Kingdom Use of Foreign Field Assets
  • ▸ Interpretation
    • 1. In this Schedule— (a) “the principal section” means section 12... [OTA 1983 Sch 4 para 1]
  • ▸ Chargeable receipts
    • 2. A participator in a foreign field is chargeable to tax... [OTA 1983 Sch 4 para 2]
    • 3.(1) Subject to sub-paragraph (2) below, a field asset is... [OTA 1983 Sch 4 para 3]
    • 4.(1) Consideration falling within subsection (1) of the principal section... [OTA 1983 Sch 4 para 4]
    • 5.(1) Schedule 2 to this Act, except paragraphs 4 and... [OTA 1983 Sch 4 para 5]
    • 6.(1) Subject to sub-paragraph (2) below, the chargeable receipts of...
  • ▸ The charge to tax
    • 7.(1) In relation to a foreign field, every half year... [OTA 1983 Sch 4 para 7]
    • 8.(1) For each chargeable period of a foreign field beginning... [OTA 1983 Sch 4 para 8]
    • 9.(1) Subject to sub-paragraph (2) below,— (a) the principal Act,... [OTA 1983 Sch 4 para 9]
  • ▸ Expenditure relief
    • 10.(1) For the purpose of the determination referred to in... [OTA 1983 Sch 4 para 10]
    • 11.(1) In the following provisions of this Schedule expenditure which... [OTA 1983 Sch 4 para 11]
  • ▸ Claims for expenditure relief
    • 12. In relation to a claim for the allowance of any... [OTA 1983 Sch 4 para 12]
  • ▸ The responsible person
    • 13. In relation to a foreign field, paragraph 4 of Schedule... [OTA 1983 Sch 4 para 13]
  • ▸ Management and collection
    • 14.(1) In its application to tax chargeable only by virtue... [OTA 1983 Sch 4 para 14]
  • ▸ Payment on account
    • 15. In its application to tax chargeable only as mentioned in... [OTA 1983 Sch 4 para 15]
  • ▸ Income and corporation taxes
    • 16.(1) Section 11 of this Act shall have effect as... [OTA 1983 Sch 4 para 16]
▸ SCHEDULE 5 Transitional Provisions
  • ▸ Interpretation
    • 1. Transitional Provisions [OTA 1983 Sch 5 para 1]
  • ▸ Review for transitional claim period
    • 2. Transitional Provisions [OTA 1983 Sch 5 para 2]
  • ▸ No further reviews after the transitional claim period
    • 3. Transitional Provisions [OTA 1983 Sch 5 para 3]
  • ▸ Assets giving rise to tariff receipts
    • 4. Transitional Provisions [OTA 1983 Sch 5 para 4]
  • ▸ Re-opening past claim periods and chargeable periods
    • 5. Transitional Provisions [OTA 1983 Sch 5 para 5]
  • ▸ Expenditure on associated assets
    • 6. Transitional Provisions [OTA 1983 Sch 5 para 6]
  • ▸ Other claims for past expenditure
    • 7. Transitional Provisions [OTA 1983 Sch 5 para 7]
SCHEDULE 6 Repeals [OTA 1983 Sch 6]
SCHEDULE 5 Transitional Provisions / No further reviews after the transitional claim period

No further reviews after the transitional claim period

Contents

  • 3. Transitional Provisions [OTA 1983 Sch 5 para 3] Section commentary

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