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HMRC internal manual

Oil Taxation Manual

PRT: administration: informal claims - procedures

LB Oil & Gas will operate the informal claim arrangements in the circumstances described above if a company complies with the following procedures

  • an informal claim should be in the form of the claim that is to be submitted and the expenditure being ‘informally claimed’ should be specified
  • when formal claims are submitted for informally agreed expenditure the specific items of expenditure already claimed informally and the relevant informal claim must be identified
  • the company accepts that errors in informal claims will be treated as if they were errors in formal claims
  • LB Oil & Gas will review an informal claim and notify the company of any expenditure which will be allowed without enquiry when the relevant formal claim is submitted. LB Oil & Gas will raise any enquiries that may be necessary to allow a view to be taken.
  • Notification that the expenditure will be allowed on receipt of a formal claim does not entitle a participator to deduct any of the expenditure in arriving at payments on account on Form PRT6