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.U.K.
(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.