The other amendments made by this Schedule have effect for the financial year 2023 and subsequent financial years.

In the case of an accounting period (a “straddling period”) beginning before 1 April 2023 and ending on or after date, those other amendments have effect as if the different parts of the straddling period falling in the different financial years were separate accounting periods.

For this purpose all necessary apportionments are to be made between the two separate accounting periods.