National Oil Reserves Agency Act 2007

41

Levy assessment notice.

41.— The Agency shall give each oil company and oil consumer liable to pay the levy in respect of a month a levy assessment notice specifying—

(a) the oil company’s or oil consumer’s relevant disposals of petroleum products as specified in its volume assessment for that month,

(b) F57[the rate of levy specified in section 37(1A),]

(c) the amount of the levy payable by it in respect of that month as calculated under section 40,

(d) the date, determined in accordance with the regulations, on which the levy becomes payable, and

(e) where appropriate, any exemption from levy in accordance with section 38.

Annotations

Amendments:

F57

Substituted (1.08.2020) by National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Act 2020 (6/2020), s. 17, S.I. No. 280 of 2020.