This document establishes the specific regulatory amendments governing the nomination scheme for disposals and appropriations under the Petroleum Revenue Tax framework. The regulations were issued by the government of Great Britain to refine the administrative procedures for tax compliance within the oil and gas sector. By amending the 1990 scheme, the text clarifies the legal obligations of operators regarding the reporting and valuation of petroleum disposals.

Legal professionals and tax practitioners utilize this document as a primary source for historical compliance and regulatory interpretation within the UK energy sector. Experts note that the text is written in highly technical legislative language intended for strict legal application.