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49 Oil Taxation: Nomination Scheme

Volume 113: debated on Monday 23 March 1987

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Resolved,

That, in connection with a scheme relating to the nomination of sales, appropiations and other disposals of oil, provision may be made with respect to the amounts to be taken into account under the Oil Taxation Act 1975 in determining the gross profit or loss accruing to a participator in an oil field in any chargeable period.—[Mr. Lawson.]