| Rate | 50% | |
|---|---|---|
| Oil Allowance | Tonnage per chargeable period | Aggregate Total |
| Fields given development consent before 1 April 1982 | 250,000(approx, 10,000 barrels per day). | 5,000,000 |
| Fields given development Consent on or after 1 April 1982: | ||
| Onshore & Southern Basin Fields | 125,000 (approx. 5,000 barrels per day) | 2,500,000 |
| All Other Fields | 500,000 (approx. 20,000 barrels per day) | 10,000,000 |
| Safeguard Limit | 80% of adjusted profit minus 15% of accumulated expenditure at end of period | |
| Return periods | 6 months to 30/6 and 31/12 | |
| Claim periods | 6 months or 12 months ending 30/6 or 31/12 | |
| Appeals | 3 years from date of claim |
27 Sep 2010