HMRC internal manual

Oil Taxation Manual

OT04702 - PRT: administration: appeals against claim decisions - effect of appeal on PRT payable

An appeal against a decision on an expenditure claim has no impact on the PRT payable on the assessment in which effect is given to that decision. The ability to withhold payment of tax charged in a PRT assessment is confined to the specific provision in OTA75\SCH2\PARA14 whereby the tax which may be postponed is limited broadly to that represented by the difference between (a) the sale proceeds of oil and market value returned for appropriations and non-arm’s length disposals and (b) the sale proceeds and market value taken for the purposes of the assessment.