Section 11 — Corporation Tax Act 2009: Companies with more than one accounting date

Companies with more than one accounting date 11 1 This section applies if a company carrying on more than one trade—

a does not have the same accounting date for each of the trades, and b does not make up general accounts for the whole of the company's activities.

2 The company may choose which of the accounting dates for the trades is to be used for the purpose of section 10(1)(b).

3 But if an officer of Revenue and Customs thinks, on reasonable grounds, that the date chosen by the company is inappropriate, the officer may give notice to the company directing one of the other accounting dates to be used for that purpose instead.