Finance Act 1987
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Change 1
SCHEDULE 11 Market Value of Oil
Part I Amendments of Paragraphs 2, 2a and 3 of Schedule 3 to Principal Act 1 (1) Paragraph 2 of Schedule 3 (definition of market value of oil) shall be amended in accordance with this paragraph. (2) For sub-paragraph (1) there shall be substituted— (1) The market value of any oil in any calendar month shall be determined for the purposes of this Part of this Act in accordance with this paragraph. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 In paragraph 2A of that Schedule (modifications in the case of oil consisting of gas)— (a) in sub-paragraphs (1) and (3) for “(1) and (2)” there shall be substituted “ (1) to (2D) ”; (b) in sub-paragraph (2) for “(2)(a)” in each place where it occurs, there shall be substituted “ (2)(d) ”; and (c) in sub-paragraph (3) for “(2)(b)” there shall be substituted “ (2)(e) ”. 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part II Consequential Amendments of Principal Act 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6, 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 11 Market Value of Oil
Part I Amendments of Paragraphs 2, 2a and 3 of Schedule 3 to Principal Act 1 (1) Paragraph 2 of Schedule 3 (definition of market value of oil) shall be amended in accordance with this paragraph. (2) For sub-paragraph (1) there shall be substituted— (1) The market value of any oil in any calendar month shall be determined for the purposes of this Part of this Act in accordance with this paragraph. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 In paragraph 2A of that Schedule (modifications in the case of oil consisting of gas)— (a) in sub-paragraphs (1) and (3) for “(1) and (2)” there shall be substituted “ (1) to (2D) ”; (b) in sub-paragraph (2) for “(2)(a)” in each place where it occurs, there shall be substituted “ (2)(d) ”; and (c) in sub-paragraph (3) for “(2)(b)” there shall be substituted “ (2)(e) ”. 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part II Consequential Amendments of Principal Act 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6, 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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