OT50038 - Oil contractors ring fence: calculating the hire cap: total expenditure
»Ê¹ÚÌåÓýappre are two elements to the recognised expenditure to which the relevant percentage is applied in order to determine the hire cap:
»Ê¹ÚÌåÓýappse values are calculated as at the beginning of each accounting period. But see the following pages for assets which are altered or acquired during an accounting period.