Section 356JB — Finance Act 2014: Other definitions

Other definitions 356JB In this Chapter (except where otherwise specified)— “ adjusted ring fence profits ”, in relation to a company and an accounting period, means the adjusted ring fence profits that would (if this Chapter were ignored) be taken into account in calculating the supplementary charge on the company under section 330(1) for the accounting period (but see also section 356DB); “ cumulative total amount of activated allowance ” has the meaning given by section 356D(2); “ licence ” has the same meaning as in Part 1 of OTA 1975 (see section 12(1) of that Act); “ licensed area ” has the same meaning as in Part 1 of OTA 1975; “ licensee ” has the same meaning as in Part 1 of OTA 1975; “ onshore allowance ” has the meaning given by section 356C(5); “ relevant income ”, in relation to an onshore site and an accounting period, has the meaning given by section 356E(3); “ site ” has the meaning given by section 356BC.