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SCHEDULES

SCHEDULE 15Oil activities: transferable tax history

PART 7Supplementary charge: recalculation of adjusted ring fence profits

“ARFP uplift amount”

54The “ARFP uplift amount” for a pre-acquisition accounting period is the amount equal to—

where—

  • SC is the percentage specified in section 330(1) of CTA 2010 for the pre-acquisition accounting period, and

  • A is the amount applied, in relation to the loss period, in accordance with paragraph 25(2)(b) or (3)(b) for the pre-acquisition accounting period.