SCHEDULES
SCHEDULE 4Accounting practice and related matters
Part 2Other provisions connected with accounting practice
ICTA
21
In section 43A of ICTA (rent factoring: meaning of “finance agreement”), in subsection (3) (reference to consolidated group accounts), omit paragraphs (a) and (b) and the word “and” preceding paragraph (a).
F122
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F223
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
1
Section 747A of ICTA (special rule requiring chargeable profits of controlled foreign companies to be computed in currency of accounts of company's first relevant accounting period) shall cease to have effect.
2
This amendment has effect in relation to accounting periods beginning on or after 16th March 2005.
25
Section 836A of ICTA (meaning of generally accepted accounting practice) shall cease to have effect.