Point in time view as at 17/07/2014.
Finance Act 2014, Paragraph 17 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
17(1)The amendments made by this Schedule have effect in relation to accounting periods beginning on or after 1 September 2014.U.K.
(2)Sub-paragraph (3) applies where a company has an accounting period beginning before 1 September 2014 and ending on or after that date (“the straddling period”).
(3)For the purposes of Part 15C of CTA 2009—
(a)so much of the straddling period as falls before 1 September 2014, and so much of that period as falls on or after that date, are treated as separate accounting periods, and
(b)any amounts brought into account for the purposes of calculating for corporation tax purposes the profits of a trade for the straddling period are apportioned to the two separate accounting periods on such basis as is just and reasonable.
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