SCHEDULES
SCHEDULE 15Accountancy change: spreading of adjustment
Part 2Corporation tax
Effect of other events bringing accounting period to an end
12
1
If before the whole of the adjustment has been charged to tax an accounting period of the company ends by reason of—
a
the company ceasing to be within the charge to corporation tax,
b
the commencement of winding-up proceedings in respect of the company (see F1section 12 of CTA 2009),
the rule in paragraph 10(4) applies in relation to that accounting period.
2
If the company permanently ceases to carry on the business in question (without there being any event within sub-paragraph (1) above), paragraph 10 continues to apply but with the omission of the alternative limit in sub-paragraph (2)(b) and (3)(c) referring to the profits of the business.