ReportsU.K.
13(1)Section 25 (reports on overheads and forward planning etc) is amended as follows.
(2)For subsection (3)(a) substitute—
“(a)where P is associated with one or more other persons—
(i)the ultimate parent undertaking in relation to P and those other persons, or
(ii)where permitted under the regulations in relation to a report mentioned in subsection (2), another person associated with P which that undertaking and the Secretary of State have agreed is to be a designated person in relation to that report, and”.
(3)After subsection (8) insert—
“(8A)In this section, “financial year” means a year beginning with 1 April or a year beginning with such other date as may be agreed between the Secretary of State and a designated person.”
Commencement Information
I1Sch. 10 para. 13 not in force at Royal Assent, see s. 127(2)
I2Sch. 10 para. 13(1)(2) in force at 19.1.2024 by S.I. 2024/61, reg. 2(1)(b)(vi) (with reg. 3)