83 Effect of claim on PRT
Finance Act 2013 (2013 c 29) | Legislation

83  Effect of claim on PRT

(1)     This section applies where a sum is payable to a company (“the claimant”) under a decommissioning relief agreement.

(2)     Subsection (3) applies where the reference amount is calculated by reference to what the claimant's assessable profit in any chargeable period would be if any expenditure incurred by it were used to reduce its profit in a particular way (rather than in any way that it has in fact been used).

(3)     For the purposes of petroleum revenue

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