716 “Recognised” amounts and “GAAP-compliant accounts”
Corporation Tax Act 2009 (2009 c 4) | Legislation

Accounting rules and definitions

716  “Recognised” amounts and “GAAP-compliant accounts”

(1)     References in this Part to an amount “recognised” in determining a company's profit or loss for a period are to—

(a)     an amount recognised in—

(i)     the company's profit and loss account, income statement or statement of comprehensive income for that period,

(ii)     the company's statement of

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