SCHEDULES
C1SCHEDULE 15Tax treatment of financing costs and income
Annotations:
Modifications etc. (not altering text)
Part 11Consequential amendments and commencement
Anti-avoidance: change of period of account of worldwide group
98
This paragraph applies to a period of account of the worldwide group (“the relevant period of account”) if—
a
the ultimate parent of the group changes the date to which financial statements of the group are drawn up,
b
as a result of the change, the relevant period of account—
i
begins before 1 January 2010, and
ii
includes a period that would, if the change had not been made, have fallen within a period of account beginning on or after that date, and
c
the main purpose, or one of the main purposes, of the ultimate parent of the group in making the change is to secure that the first period of account in relation to which this Schedule has effect does not include any period falling within the relevant period of account.
Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)