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HMRC internal manual

Oil Taxation Manual

From
HM Revenue & Customs
Updated
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PRT: royalty - royalty repaid

PRT Royalty was abolished with effect from 1 January 2003.

Royalty repaid is the amounts repaid in the period, except those amounts repaid under the Petroleum and Submarine Pipelines Act 1975 S41, and irrespective of the period to which they relate, will be credited in the computation.