Statute
Section 300 — Corporation Tax Act 2010: Effect of repayment of PRT: general rule
Text of the provision Official document
Effect of repayment of PRT: general rule 300 1 This section applies if some or all of the petroleum revenue tax in respect of which a deduction has been made under section 299(2) is subsequently repaid.
2 The deduction is to be reduced or extinguished accordingly.
3 Any additional assessment to corporation tax required in order to give effect to subsection (2) may be made at any time not later than 4 years after the end of the calendar year in which the petroleum revenue tax was repaid.
4 This section is subject to section 301.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →