312 Determination of credits and debits where amounts not fully recognised
Corporation Tax Act 2009 (2009 c 4) | Legislation

312  Determination of credits and debits where amounts not fully recognised

(1)     In determining the credits and debits which a company is to bring into account for the period referred to in section 311(1) for the purposes of this Part in respect of—

(a)     the creditor relationship mentioned in section 311(2), . . .

(b)     . . .

the assumption in subsection (2) is to be made.

[[(1A)     Subsection (1B) applies in a case where—

(a)     pursuant to the arrangements mentioned in section 311(2)(b), the company becomes, or is treated as becoming, a party to a debtor relationship, and

(b)

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