A1.721 Recovery of tax relating to continental shelf profits
HMRC has the power to require a holder of a licence granted under the Petroleum (Production) Act 1934 to pay any unpaid tax (together with interest) which has been assessed on a non-resident person in respect of profits or gains from activities authorised (or related activities) or rights given by a licence granted under that Act or in respect of chargeable gains from the disposal of such rights1; the unpaid tax and interest is payable within 30 days of a notice served by HMRC. The amount which a licence holder is required to pay under such a notice is recoverable from them as if it were tax due by them. In turn, the licence holder may recover the amount paid from the person
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