National Oil Reserves Agency Act 2007

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) the rate of levy prescribed under section 44 for the month and, where appropriate, for each category of petroleum products specified in that assessment,

(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 .