SCHEDULES
SCHEDULE 14Leases: changes to accounting standards etc
PART 3Changes to accounting standards and tax adjustments
Repeal of section 53 of FA 2011
11
1
In FA 2011, omit section 53 (leases and changes to accounting standards).
2
The amendment made by this paragraph has effect in relation to periods of account beginning on or after 1 January 2019.
3
But, for the purposes of Chapter 7 of Part 10 of TIOPA 2010 (corporate interest restriction: group-interest and group-EBITDA), the amendment made by this paragraph has effect in relation to periods of account of a worldwide group (within the meaning given by section 480 of that Act) beginning on or after 1 January 2019.