PRT: tax-exempt tariffing receipts - foreign fields
The definitions in OTA83\S6A(5) of “foreign field” and “licensee” in relation to a foreign field apply for the purposes of the tax-exempt tariffing receipts rules only. For the meaning of foreign field for the purposes of tariff and disposal receipts see (OT13510).
A foreign field means any hydrocarbon accumulation which is not under the jurisdiction of the UK government.
Licensee in a foreign field
A licensee in relation to a foreign field is any person who has rights, interests or obligations in respect of that foreign field under a licence or other authority granted by the government of a country other than the UK.
Oil won from a foreign field OTA83\S6A(7)
For the purposes of the tax-exempt tariffing receipts rules oil in relation to a foreign field has the same meaning as in OTA75\S1(1) (OT03100).