PRT: Expenditure: Spreading Elections - Form of Election
The legislation covering spreading elections ceased to have effect in relation to chargeable periods beginning after 30 June 2009.
OTA75\Sch3\Para9 & Para10
The participator in the field must make an election in such form as the Board prescribes for the paragraph to apply, OTA75\Sch3\Para9(5). No form has been prescribed. In practice LBS Oil & Gas will accept a letter signed by a duly authorised officer of the company.