Finance Act 2000

Interpretation

5 In this Schedule—

• “normal accounting practice” means normal accounting practice with respect to the statutory accounts of companies incorporated in a part of the United Kingdom;

• “statutory accounts” means accounts that are required by law to be prepared and which meet the requirements of—

  (a)

  section 226 of the [1985 c. 6.] Companies Act 1985, or

  (b)

  in Northern Ireland, Article 234 of the [S.I. 1986/1032 (N.I. 6).] Companies (Northern Ireland) Order 1986,

  or the corresponding requirements of the law of a country outside the United Kingdom; and

• “for tax purposes” means for the purposes of calculating the amount of any profits chargeable to income tax or corporation tax.