SCHEDULES
SCHEDULE 8Relief from corporation tax for losses and other amounts
PART 3Commencement and transitional provision
Commencement
16
1
The amendments made by paragraphs 2 and 3 have effect in relation to accounting periods beginning on or after 1 April 2017.
2
Where a company has an accounting period beginning before 1 April 2017 and ending on or after that date (“the straddling period”)—
a
so much of the straddling period as falls before 1 April 2017, and so much of that period as falls on or after that date, are treated as separate accounting periods, and
b
where it is necessary to apportion an amount for the straddling period to the two separate accounting periods, it is to be apportioned—
i
in accordance with section 1172 of CTA 2010 (time basis), or
ii
if that method would produce a result that is unjust or unreasonable, on a just and reasonable basis.