The Northern Ireland (Share of United Kingdom Taxes) (Amendment) Regulations 1988
These Regulations further amend the Northern Ireland (Share of United Kingdom Taxes) Regulations 1975 (“the principal Regulations”) by changing the method by which the proceeds of petroleum revenue tax (as reduced by repayments of advance petroleum revenue tax) are to be attributed to Northern Ireland. The method of attribution previously applicable to these taxes (being taxes adminstered by the Commissioners of Inland Revenue and charged on corporations, thus falling under regulation 4(1)(b) of the principal Regulations) was based on the total amount of emoluments paid in any financial year by corporations to individuals resident in Northern Ireland. These Regulations provide that the method now applicable to such taxes is based on the size of the population of Northern Ireland, as determined by the most recent estimates published by the Registrars General.