OTUPDATE141107 - Oil Taxation Manual: recent changes
Below are details of the amendments that were published on 7 November 2014
(see the update index for all updates)
Page | Details of update |
OT00002 | Updated for changes to business stream name and telephone number |
OT00190 | Overview of fiscal regime updated to FA2014 |
OT04693 | Business address updated |
OT10800 | New section on decommissioning certainty re PRT: Contents page |
OT10801 | New section on Decommissioning relief deeds |
OT10803 | Outline of legislation re decommissioning relief deeds |
OT10805 | The effect of a deed claim on PRT |
OT10808 | The effect of a deed claim on Oil Allowance |
OT21246 | Withdrawal of FYA, asset not used in RF trade - reworded to reflect statute regarding notification period |
OT21405 | Amended for additionally developed oil fields |
OT21410 | Definition of additionally developed oil field added |
OT21418 | New page on amount of additionally developed oil field allowance available |
OT21430 | Field allowance when equity share is unchanged - information on additionally developed oil fields added |
OT21500 | New section on onshore allowance - contents |
OT21501 | Onshore allowance - background |
OT21503 | Onshore allowance - overview |
OT21505 | Onshore allowance - onshore related activities |
OT21510 | Onshore allowance - definition of site |
OT21515 | Onshore allowance - generation of onshore allowance |
OT21520 | Onshore allowance - reduction of adjusted ring fence profits |
OT21525 | Onshore allowance - activated and unactivated onshore allowance |
OT21530 | Onshore allowance - transfer of allowance between sites |
OT21535 | Onshore allowance - changes in equity share |
OT21540 | Onshore allowance - transfer of allowance on disposal |
OT21455 | Onshore allowance - definitions |
OT21600 | New section on hire of relevant assets |
OT21601 | New page, hire of relevant assets, introduction |
OT21605 | New page, hire of relevant assets, scope of legislation |
OT21610 | New page, hire of relevant assets, effect of CTA2010\S285A |
OT21615 | New page, hire of relevant assets, anti avoidance provision |
OT26200 | New section on extended ring fence expenditure supplement (ERFES) for onshore activities - contents |
OT26201 | ERFES introduction |
OT26203 | ERFES conditions for relief |
OT26205 | ERFES relevant percentage |
OT26210 | ERFES accounting periods |
OT26215 | ERFES restriction on number of AP’s it can be claimed for |
OT26220 | ERFES unrelieved group ring fence profits |
OT26225 | ERFES pre commencement additional supplement |
OT26230 | ERFES qualifying pre commencement onshore expenditure |
OT26235 | ERFES the mixed pool |
OT26240 | ERFES reductions for disposals |
OT26245 | ERFES reductions for unrelieved group ring fence profits |
OT26250 | ERFES additional supplement for post commencement periods |
OT26255 | ERFES onshore ring fence losses |
OT26260 | ERFES onshore ring fence pool |
OT26265 | ERFES reference amount post commencement pools |
OT26270 | ERFES reductions for utilised onshore ring fence losses |
OT26275 | ERFES reductions for unrelieved group ring fence profits |
OT26300 | MEA section moved from OT26200 |
OT26301 | MEA section moved from OT26201 |
OT26305 | MEA section moved from OT26205 |
OT26310 | MEA section moved from OT26210 |
OT26315 | MEA section moved from OT26215 |
OT26320 | MEA section moved from OT26220 |
OT26325 | MEA section moved from OT26235 |
OT26330 | MEA section moved from OT26230 |
OT26335 | MEA section moved from OT26235 |
OT26340 | MEA section moved from OT26240 |
OT26345 | MEA section moved from OT26245 |
OT26350 | MEA section moved from OT26250 |
OT26355 | MEA section moved from OT26255 and update for FA2014 changes to allowing costs of planning permission |
OT26360 | MEA section moved from OT26260 |
OT26370 | MEA section moved from OT26275 |
OT26380 | MEA section moved from OT26280 |
OT26390 | MEA section moved from OT26290 |
OT26395 | MEA section moved from OT26300 |
OT28040 | Decommissioning and abandonment amendments to definitions re onshore expenditure in FA2013 |
OT28230 | New page decommissioning and abandonment , connected persons and tax advantage |
OT28600 | Section revised for decommissioning security agreements and renamed |
OT28601 | Revised for decommissioning security agreements |
OT28615 | Changes to Inheritance Tax re property held in decommissioning security settlements |
OT28617 | Decommissioning security agreements, Loan relationships, prevention of double taxation |
OT28700 | New section, decommissioning certainty, contents |
OT28701 | New page decommissioning relief deeds (DRD) |
OT28700 | New page, DRD’s outline |
OT28700 | New page, DRD’s provisions for payment |
OT28700 | New page, DRD’s other provisions, schedule 31 |
OT28700 | New page, DRD’s other provisions, schedule 32 |
OT30479 | New page CG Reinvestment after pre trading disposal |
OT43450 | Updated for HMRC acceptance of mark up rate of certain activities of a rig operator. |
OT50000 | New section: Oil Contractors ring fence: contents |
OT50001 | New page: Oil Contractors ring fence: introduction |
OT50005 | New page: Oil contractors ring fence: scope |
OT50010 | New page: Oil contractors ring fence: relevant assets |
OT50020 | New page: Oil contractors ring fence: associated person |
OT50030 | New page: Oil contractors ring fence: calculating the hire cap: contents |
OT50032 | New page: Calculating the hire cap: the relevant percentage |
OT50034 | New page: Calculating the hire cap: periods of less than full use and short account periods |
OT50036 | New page: Calculating the hire cap: multiple leases |
OT50038 | New page: Calculating the hire cap: total expenditure |
OT50040 | New page: Calculating the hire cap: total expenditure - original cost |
OT50042 | New page: Calculating the hire cap: total expenditure - enhancement costs |
OT50044 | New page: Calculating the hire cap: total expenditure - estimated amounts |
OT50050 | New page: Oil contractors ring fence: the effect of the ring fence |
OT50060 | New page: Oil contractors ring fence: anti avoidance provision |
OT50070 | New page: Oil contractors ring fence: leasing arrangements |
OT50080 | New page: Oil contractors ring fence: the excess above the hire cap |
OT50090 | New page: Oil contractors ring fence: transitional provisions at commencement |