[426 Changes in accounting policy]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[426  Changes in accounting policy]

[(1)     Where an interest allowance (alternative calculation) election has effect in relation to a period of account of a worldwide group (“the relevant period of account”), this Chapter applies in relation to the period subject to this section.

(2)     The financial statements of the group for the relevant period of account are to be treated as subject to such adjustments as would be made to them under the change of accounting policy provisions if the

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