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Finance Act 2012
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- UK Public General Acts
- 2012 c. 14
- SCHEDULE 5
- Paragraph 12
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Changes over time for: Paragraph 12
Version Superseded: 16/11/2017
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- 17/07/2012- Amendment
- 17/07/2012
Point in time - 16/11/2017- Amendment
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Point in time view as at 17/07/2012.
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There are currently no known outstanding effects for the Finance Act 2012, Paragraph 12.
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This section has no associated Explanatory Notes
12(1)Section 329 (the tested expense amount) is amended as follows.U.K.
(2)In subsection (3), for “arises as a result of a transaction that takes place” substitute “ accrues ”.
(3)After subsection (5) insert—
“(6)But subsection (5) does not apply if an election under section 331ZA has effect for the period of account.”
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