Oil Taxation Act 1983 section 15

Short title, interpretation, construction and repeals

Section 15 provides the formal citation of the Act, defines key terms used throughout it, and establishes how the Act relates to the Oil Taxation Act 1975.

• The Act is formally cited as the Oil Taxation Act 1983, and references to "the principal Act" mean the Oil Taxation Act 1975.
• Key defined terms include "chargeable field", "disposal receipts", "qualifying asset", and "tariff receipts", each taking their meaning from earlier sections of the Act.
• The definition of "connected persons" is imported from section 1122 of the Corporation Tax Act 2010, which sets out the rules for determining when parties are connected with one another.
• The Act is to be read and interpreted as one with Part I of the Oil Taxation Act 1975, and Schedule 6 lists earlier enactments that are repealed as a consequence of this Act.

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