PART 3Friendly societies carrying on long-term business
Commencement etc
178Commencement
The provisions of this Part (other than section 179) have effect in relation to accounting periods of companies beginning on or after 1 January 2013.
179Accounting periods straddling 1 January 2013
1
If, apart from this section, a friendly society would have had an accounting period beginning before 1 January 2013 and ending on or after that date, the accounting period of the society is to end instead on 31 December 2012.
2
Accordingly, the rules in section 10 of CTA 2009 (end of accounting period) are subject to this section.