5(1)This paragraph applies where regulations under more than one of paragraphs 2 to 4 above apply—
(a)as regards the same asset or liability, and
(b)for the same accrual period.
(2)Regulations may provide that, as regards any day falling within the period and identified in accordance with prescribed rules, the accrued amount shall be ascertained in accordance with rules prescribed under this paragraph (rather than provisions made under any of those paragraphs).
Valid from 03/05/1994
F15A(1)This paragraph applies where regulations under both paragraph 2 and paragraph 4A above apply—
(a)as regards the same contract, and
(b)for the same accrual period.
(2)Regulations may provide that, as regards any day falling within the period and identified in accordance with prescribed rules, the accrued amount shall be ascertained in accordance with rules prescribed under this paragraph (rather than provisions made under either of those paragraphs).
Textual Amendments
F1Sch. 15 para. 5A inserted (3.5.1994) by 1994 c. 9, s. 116(3)