Recent updates to the Oil Taxation Manual

Below are details of the amendments that were published on 2 July 2007 (see the update index for all updates).

SectionDetails of update
OT05000Rewritten
OT05005New entry
OT05010New entry
OT05020New entry
OT05025Rewrite of final paragraph
OT05100New paragraph added regarding Chargeable Periods ended after 30 June 2006
OT05150Amendment made regarding changes from 1st July 2006 , FA 2006 Sch 18 para 2(2) and (3) amends S2(4) (b) and 2(5)(d)
OT05205 to OT05260Nomination Scheme amended with effect from 1 July 2006. New paragraphs written
OT05205 to OT05267Old references OT05205, OT05210, OT05215, OT05220, OT05225, OT05230, OT05235 OT05240, OT05245, OT05250, OT05255, OT05260, OT05261, OT05265 and OT05267 moved to Appendix 23 at reference OT19240 as an archive and this section has been rewritten.
OT05260Last sentence of second paragraph and the last paragraph has been deleted.
OT05267Word “Examples” added to title
OT05300Old reference archived at OT19235 and this reference rewritten
OT05305Old reference archived at OT19235 and this reference rewritten
OT05310Old reference archived at OT19235 and this reference rewritten
OT05315Old reference archived at OT19235 and this reference rewritten
OT05316Old reference archived at OT19235
OT05317New entry
OT05319New entry
OT05321New entry
OT05323New entry
OT05325New entry
OT05326New entry
OT05330Old reference archived at OT19235 and this reference rewritten
OT05335Old reference archived at OT19235 and this reference rewritten
OT05337New entry
OT05340New entry Old entry archived to OT019070
OT05343New entry
OT05345Renumbered as OT05350
OT05346Renumbered as OT05345
OT05350Renumbered as OT05370 and amended
OT05360New entry
OT05800PRT: Terminals Liftings- Introduction – New item
OT05810PRT: Terminal Liftings- Scope - New item
OT05820PRT: Terminal Liftings- Background - New item
OT05830PRT: Terminal Liftings- How Terminals (and Offshore Loading Facilities) operate- the loading programme - New item
OT05840PRT: Terminal Liftings- The Attribution Rules - New item
OT05850PRT: Terminal Liftings- The Basic Formula (Regulation4) - New item
OT05860PRT: Terminal Liftings- Production Entitlement - New item
OT05870PRT: Terminal Liftings- Delays and Accelerations in Loading - New item
OT05880PRT: Terminal Liftings- Attribution Formula- the result - New item
OT05890PRT: Terminal Liftings- Volume of Oil to be Used in determining “A” (Regulation 3) - New item
OT05900PRT: Terminal Liftings- Balancing Parcels (Regulation 2(1)) - New item
OT05910PRT: Terminal Liftings- Treatment of Balancing Parcels (Regulation 6) - New item
OT05920PRT: Terminal Liftings- Allocation of Oil Sold Under “Period of Entitlement” and Term Contracts (Regulation 5) - New item
OT05930PRT: Terminal Liftings- Example - New item
OT05940PRT: Terminal Liftings- Period of Entitlement Purchaser not Applying the Rules Operationally - New item
OT05950PRT: Terminal Liftings- Disposal of Field Interests- Main Rules (Regulation 7) - New item
OT05960PRT: Terminal Liftings- Disposal of Field Interests- Sale Not Proceeding (Regulation 9) - New item
OT05970PRT: Terminal Liftings- Disposal of Field Interests- Further Provisions (Regulation 8) - New item
OT19020Note that this appendix is now obsolete
OT19050Note that this appendix is now obsolete
OT19070Note that SP14/1993 was withdrawn with effect from 1st July 2006
OT19090Renamed as Appendix 9
OT19220“dated 02/11/2004” added to title
OT19235Appendix 22 added for valuation methods from 1987 to 30 June 2006 – old references OT05300, OT05305, OT05310, OT05315, OT05316
OT19240Appendix 23 added for PRT Nominations 1987 to 30/06/06 – old references OT05205, OT05210, OT05215, OT05220, OT05225, OT05230, OT05235 OT05240, OT05245, OT05250, OT05255, OT05260, OT05261, OT05265 and OT05267
OT20312Sails of Oil etc. Disposals - Revision following FA2006
OT20315Addition for Sales after 30 June 2006


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