Part III Application of Act in particular cases
43AAF1Power to alter eligibility for grouping
1
The Treasury may by order provide for section 43A to have effect with specified modifications in relation to a specified class of person.
2
An order under subsection (1) may, in particular—
a
make provision by reference to generally accepted accounting practice;
b
define generally accepted accounting practice for that purpose by reference to a specified document or instrument (and may provide for the reference to be read as including a reference to any later document or instrument that amends or replaces the first);
c
adopt any statutory or other definition of generally accepted accounting practice (with or without modification);
d
make provision by reference to what would be required or permitted by generally accepted accounting practice if accounts, or accounts of a specified kind, were prepared for a person.
3
An order under subsection (1) may also, in particular, make provision by reference to—
a
the nature of a person;
b
past or intended future activities of a person;
c
the relationship between a number of persons;
d
the effect of including a person within a group or of excluding a person from a group.
4
An order under subsection (1) may—
a
make provision which applies generally or only in specified circumstances;
b
make different provision for different circumstances;
c
include supplementary, incidental, consequential or transitional provision.