Taxes Management Act 1970 section 43D

Claims for double taxation relief in relation to petroleum revenue tax

Section 43D sets out the rules for making claims for double taxation relief where the relief relates to petroleum revenue tax, including the time limits, the requirement to quantify the claim, and the ability to make supplementary claims to correct errors.

• A claim for double taxation relief in relation to petroleum revenue tax must specify an exact, quantified amount at the time it is made.
• The claim must generally be made within 4 years of the end of the relevant chargeable period, unless the Taxes Acts prescribe a different time limit.
• If an error or mistake is discovered after the claim has been made, a supplementary claim may be submitted within the original time limit — or, where the claim depends on a later petroleum revenue tax assessment, before the end of the chargeable period following that in which the assessment is made.
• A chargeable period for petroleum revenue tax purposes is a six-month period ending on either 30 June or 31 December, as defined in the Oil Taxation Act 1975.