Taxes Management Act 1970 section 77K

Other definitions in Part 7A

Section 77K provides definitions of key terms used throughout Part 7A, which deals with holders of licences under the Petroleum Act 1998 and their secondary tax liabilities for amounts assessed on non-UK residents.

• A "licence" means a licence issued under Part 1 of the Petroleum Act 1998
• A "secondary-liability notice" is a notice served on a licence holder making them liable for tax owed by a non-UK resident
• These definitions apply throughout all of Part 7A of the Taxes Management Act 1970
• The definitions refer back to the sections where the terms are first introduced (sections 77B and 77C respectively)