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HMRC internal manual

Oil Taxation Manual

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HM Revenue & Customs
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PRT: allowable field expenditure - prevention of double allowance

OTA75\S3(3)

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).