Part 12 Commencement etc
Finance (No 2) Act 2017 (2017 c 32) | Legislation

Part 12 Commencement etc

Parts 1 to 9 and 11

190

(1)     The amendments made by Parts 1 to 9 and 11 of this Schedule have effect in relation to accounting periods beginning on or after 1 April 2017.

(2)     For the purposes of those amendments, where a company has an accounting period beginning before 1 April 2017 and ending on or after that date (“the straddling periodâ€)—

(a)     so much of the straddling period as falls before 1 April 2017, and so much of that period as falls on or after that date, are treated as separate accounting periods, and

(b)     where it is necessary to apportion an amount for the straddling period to the two separate accounting periods, it is to be apportioned—

(i)     in accordance with section 1172 of CTA 2010 (time basis), or

(ii)     if that method would produce a result that is unjust or unreasonable, on a just and reasonable basis.

(3)     But sub-paragraph (2)(b) is to be ignored if paragraph 191 or 192 applies.

191

(1)     This paragraph applies if—

(a)     an accounting period of a company (“the straddling periodâ€) is treated

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