SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 2The total TTH amount
11Consecutive accounting periods
1
The total TTH amount may not include an amount representing the eligible ring fence profits for a particular accounting period (other than the reference accounting period) unless it also includes an amount representing the eligible ring fence profits for the next following qualifying accounting period.
2
An accounting period is “qualifying” for the purposes of this Schedule if the seller has eligible ring fence profits for that period.