HMRC internal manual

Oil Taxation Manual

OT09425 - PRT: allowable field expenditure - prevention of double allowance


OTA75\S3(3) prevents the allowance of any expenditure that has already been allowed in another field under OTA75\SCH5 & SCH6 or in connection with any field under OTA75\SCH7.

See OT13790 with regard to the interaction of this provision with non-field costs, specifically exploration and appraisal expenditure (OTA75\S5A) and research (OTA75\S5B).