[1179BB Calculation of profits]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[Accounting for the separate trade]

[1179BB  Calculation of profits]

[(1)     The profits of the separate production trade are to be calculated in accordance with this section.

(2)     For the first period of account, the following are to be brought into account—

(a)     as a debit, the costs of the qualifying production incurred by the qualifying company to date, and

(b)     as a credit, the proportion of the qualifying company's estimated total income from the qualifying production that is treated as earned at the end of that period.

(3)     For subsequent periods of account, the following are to be brought into account—

(a)

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