[F18B Meaning of “accounting period" in sections 6 to 8U.K.
(1)For the purposes of sections 6 to 8—
(a)each period that ends with the last Saturday in a calendar month, and begins with the Sunday immediately following the previous such Saturday, is an accounting period, but
(b)the Commissioners may by regulations make provision for some other specified period to be an accounting period.
(2)Regulations made under subsection (1)(b) may—
(a)make provision that applies generally or only in relation to a specified person or class of person;
(b)make different provision for different purposes;
(c)make transitional provision.]
Textual Amendments
F1Ss. 6-8C and preceding cross-heading substituted for ss. 6-8 (24.7.2002 for specified purposes and otherwise retrospective to 31.3.2002 with effect as mentioned in s. 12(3) of the amending Act) by Finance Act 2002 (c. 23), s. 12, Sch. 4 Pt. 1 para. 2