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Clause 16

Volume 888: debated on Wednesday 19 March 1975

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Interpretation Of Part Ii

Amendments made: No. 196, in page 22, line 43, at end insert—

'(a) in searching for oil in the United Kingdom or a designated area or causing such searching to be carried out from him ; or '.

No. 205, in page 23, line 1, leave out

'held by him authorising the extraction '

and insert

authorising the extraction and held by him or, if the person in question is a company, by the company or a company associated with it '.

No. 206, in page 23, line 6, leave out

' rights held by him authorising the extraction '

and insert

authorising the extraction and held as aforesaid '

'61In subsection (1) omit the words from "distrain upon "to "is charged or ".
62(1)Omit "or which are payable for the year in which the seizure is made ", and for "one year" and "one whole year" substitute "two chargeable periods"
(2)For "one whole year" substitute "two chargeable periods ".
64(1)For "one year" and "one whole year" substitute…"two chargeable periods".
(2)For "one whole year" substitute "two chargeable periods ".

This is an amendment which extends the Revenue's powers of collection of PRT so as to enable distraints to be levied for any outstanding tax or interest on that tax, or for arrears to be pursued in the county court or, in Scotland, the sheriff court and the sheriff's small debt court, bringing the powers into line with those for the collection of other taxes. This concerns moneys of a smaller value than those which we have been considering, and the amendment is required as a result.

Presumably it is for that reason that the Minister is substituting two chargeable periods throughout for one year. Is it purely because it will be related to the collection of PRT and the exercise of distraints in that narrow

No. 197, in page 23, line 6, at end insert or

(c)in effecting or causing to be effected for him the initial treatment or initial storage of oil won from any oil field under rights authorising its extraction and held as aforesaid;

No. 198, in page 23, line 9, at end insert—

'(2) For the purposes of subsection (1) (c) above—
  • (a)the expression "oil field" and" inital treatment" have the same meaning as in Part of this Act ; and
  • (b)the definition of "initial storage" in section 10(1) above shall apply but, in its application for those purposes in relation to the person mentioned in subsection (1)(c) above and to oil won from any one oil field, shall have effect as if the reference to the maximum daily production rate of oil for the field as there mentioned were a reference to that person's share of that maximum daily production rate, that is to say a share thereof proportionate to his share of the oil won from that field '—.[Mr. Dell.]