SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 15Interpretation
103The purchaser’s “reference accounting period”
1
The “purchaser’s reference accounting period” means—
a
an accounting period of the purchaser that begins with the same date as, and ends with the same date as, the seller’s reference accounting period, or
b
if no accounting period of the purchaser falls within paragraph (a), the earliest accounting period of the purchaser that overlaps with the seller’s reference accounting period.
2
See paragraph 106 for provision about accounting periods before the purchaser comes within the charge to corporation tax.