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 the date of claim.