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HMRC internal manual

Oil Taxation Manual

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HM Revenue & Customs
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PRT: tariff and disposal receipts - valuing the consideration

OTA83\S6(2) and OTA83\S7(2) both refer to the amount or value of any consideration, see OT15025 in relation to tariffs and OT15060 in relation to disposal receipts. If consideration is other than in cash, the tax specialist should consult with the PRT Team Co-ordinator before entering into any negotiations needed to arrive at a correct valuation.