Finance Act 2012 (c. 14)

SCHEDULES

SCHEDULE 17 Part 2: transitional provision

PART 2 Specific transitional provisions

Disregard of amounts previously taken into account for tax purposes

23 For the purposes of section 76 an expense is to be treated as deductible under another relevant rule so far as it was brought into account at Step 1 in section 76(7) of ICTA as an expense referable to an accounting period ending before 1 January 2013.