Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Oil Taxation Manual

PRT: terminal liftings - balancing parcels (Regulation 2(1))

A balancing parcel is defined for the purposes of these rules as the difference between:

  • The volume of oil nominated by the purchaser, and
  • The volume of oil actually lifted.

This figure may be positive or negative.