http://www.legislation.gov.uk/uksi/2016/898/contents/madeThe Petroleum (Transfer of Functions) Regulations 2016enKing's Printer of Acts of Parliament2016-09-15PETROLEUMThese Regulations transfer certain functions relating to the licensing and taxation of oil and gas from the Secretary of State for Energy and Climate Change to the Oil and Gas Authority (the “OGA”) and make consequential amendments. The functions which are being transferred in relation to licensing are set out in Part 1 of the Petroleum Act 1998 (c. 17) (the “1998 Act”) and include granting licences and dealing with rights under licences which are transferred without consent. The functions being transferred in relation to taxation include determining oil fields and cluster areas, which are required for the purposes of assessing tax liability.The Petroleum (Transfer of Functions) Regulations 2016The Petroleum (Transfer of Functions) Regulations 2016PART 11Citation, commencement and extentPART 22Petroleum Act 1998PART 33Petroleum Act 1998PART 44Oil Taxation Act 19755Finance Act 19816Finance Act 19827Finance Act 19838Finance Act 19849Finance Act 198710Finance Act 198811Taxation of Chargeable Gains Act 199212Finance Act 199313Petroleum Act 199814Capital Allowances Act 200115Corporation Tax Act 201016Scotland Act 20162016 No. 898PetroleumThe Petroleum (Transfer of Functions) Regulations 2016Made10th September 2016Coming into force in accordance with regulation 1
The Secretary of State for Energy and Climate Change makes the following Regulations in exercise of the powers conferred by sections 2(2), (3)(b) and (4)(a) and 82(3) of the Energy Act 2016.
In accordance with section 82(4) of the Energy Act 2016 a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.2016 c. 20.
