PRT: tariff and disposal receipts - qualifying tariff receipts referable to different periods - example 1
Example 1: Calculation of TRA: Straddling Tariff Receipts
In chargeable period 1 (CP1) a participator receives £26m in respect of anticipated throughput. Receipts are allocated by reference to 2.6m metric tonnes of expected qualifying oil.
|Period||Anticipated throughput (tonnes)||Receipt allocated|
TRA is calculated as follows:
|The amounts for inclusion in the assessment for CP1 are:|
|Straddling tariff receipt||£26m|