234 Interpretation of Chapter and supplementary provisions
Finance Act 1994 (1994 c 9) | Legislation

234  Interpretation of Chapter and supplementary provisions

(1)     In this Chapter “the 1983 Act” means the Oil Taxation Act 1983 and expressions used in this Chapter have the same meaning as in that Act.

(2)     In this Chapter—

(a)     “election” means an election under section 231 above and “electing participator” means a participator who makes or has made an election;

(b)     “the expenditure relief provisions” means sections 3 and 4 of the principal Act and section 3 of the 1983 Act; and

(c)     “the initial usage fraction” shall be construed in

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