(1)For the purposes of section 17 an accounting period ends, and another begins, at the end of the last Sunday in each calendar month.
(2)But regulations under paragraph 9 of Schedule 3 to this Act may make provision in place of subsection (1) for the purposes of the application of section 17 to specified persons or in specified circumstances.
(3)Regulations made by virtue of subsection (2) may make transitional provision.]
Textual Amendments
F1Ss. 17-20C substituted (with effect as mentioned in s. 9(10) of the amending Act) for ss. 17-20 by Finance Act 2003 (c. 14), s. 9(1)