PART XIX SUPPLEMENTAL
Interpretation
F1834CTotal profits
1
In the Corporation Tax Acts references to total profits, in relation to an accounting period of a company, are to the amount arrived at by adding together—
a
the amounts chargeable for the period under the charge to corporation tax on income, and
b
any amount to be included for the period in respect of chargeable gains (see section 8 of the 1992 Act).
2
Subsection (1) is subject to the provisions of the Corporation Tax Acts.