SCHEDULES
SCHEDULE 23Insurance companies
Apportionment: foreign business assets
7
1
The amendments made by paragraphs 5 and 6 have effect in relation to periods of account beginning on or after 1 January 2009 and ending on or after 22 April 2009.
2
But an insurance company may, in its company tax return for—
a
an accounting period beginning on or after 1 January 2008 but before 1 January 2009, or
b
an accounting period beginning on or after 1 January 2009 and ending before 22 April 2009,
elect that the amendments made by paragraphs 5 and 6 have effect in relation to that accounting period.