Part 2Trading income
C1Chapter 15Basis periods
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Modifications etc. (not altering text)
Accounting date
197Meaning of “accounting date”
1
In this Chapter “accounting date”, in relation to a tax year, means—
a
the date in the tax year to which accounts are drawn up, or
b
if there are two or more such dates, the latest of them.
2
This is subject to—
a
section 211(2) (middle date treated as accounting date), and
b
section 214(3) (date treated as accounting date if date changed in tax year in which there is no accounting date).
Pt. 2 Ch. 15 excluded (14.2.2006 with effect as mentioned in reg. 1(2) of the amending S.I.) by S.I. 1997/2681 reg. 6(1)(a) as amended by The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) (Amendment) Regulations 2006 (S.I. 2006/111), reg. 8