OT05115 - PRT: CIF sales - chargeable periods ended after 30 June 2006

»Ê¹ÚÌåÓýapp opportunity to close a potential loophole was taken during the introduction of the changes to Oil Valuation methods in FA 2006. Amendments in FA2006\Sch18\Para2(4) extend the scope of OTA75\S2(5A) to include oil transported directly from an offshore place of production to a place in or outside the UK. »Ê¹ÚÌåÓýapp effect of that section was not changed.