Giving effect to positive adjustmentU.K.
[F14If the amount of the adjustment is positive, it is chargeable to corporation tax and is treated as receipt of the trade, profession or vocation arising on the last day of the first period of account for which the new basis is adopted.]
Textual Amendments
F1Sch. 22 para. 4 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 578(4) (with Sch. 2)