Prospective
PreliminaryU.K.
8.—(1) Subject to paragraphs 15 to 17 below:
(a)the amounts to be included in respect of assets of any description mentioned in paragraph 10 below must be determined in accordance with that paragraph; and
(b)subject to paragraph 9 below, the amounts to be included in respect of assets of any description mentioned in paragraph 11 below may be determined in accordance with that paragraph or the rules set out in paragraphs 18 to 31 below (“the historical cost accounting rules”).
Commencement Information
I1Sch. 6 para. 8 in force at 1.9.1994, see reg. 1