xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Modifications etc. (not altering text)
C1Sch. 4 applied with modifications by S.I. 1985/680, regs. 4–6, Sch. and Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 176(9), Sch. 8 para. 19(3)(4)(5)
25(1)Subject to the following sub-paragraph, assets which fall to be included—
(a)amongst the fixed assets of a company under the item “tangible assets”; or
(b)amongst the current assets of a company under the item “raw materials and consumables”;may be included at a fixed quantity and value.
(2)Sub-paragraph (1) applies to assets of a kind which are constantly being replaced, where—
(a)their overall value is not material to assessing the company’s state of affairs; and
(b)their quantity, value and composition are not subject to material variation.
Determination of purchase price or production cost