(1)This section applies for the purposes of section 543(1)(f).
(2)Subsection (3) applies to expenditure which is referable to commitments (whether or not of a contractual nature) that the charitable trust has entered into before or during a tax year.
(3)The expenditure is treated as incurred in the tax year if, had the charitable trust been required to draw up accounts that met the requirements mentioned in subsection (4), the expenditure would have been required to be taken into account in preparing those accounts.
(4)The requirements referred to in subsection (3) are—
(a)that the accounts are drawn up for the tax year, and
(b)that UK generally accepted accounting practice applies with respect to them.