15(1)The Commissioner’s first financial year is the period that begins with the commencement day and ends with—
(a)the following 31 March (if the commencement day is 1 April), or
(b)the second following 31 March (if the commencement day is not 1 April).
(2)Subject to that, the Commissioner’s financial year is the period of 12 months ending with 31 March.
(3)In this paragraph “commencement day” means the day when section 2 comes into force.