Section 310 — Corporation Tax Act 2009: Power to make regulations about recognised amounts

Power to make regulations about recognised amounts 310 1 The Treasury may by regulations—

a make provision excluding from section 308(1) ... amounts of a specified description, and b make provision for or in connection with bringing into account in specified circumstances amounts in relation to which section 308(1) ... does not have effect as a result of regulations under paragraph (a).

2 The regulations may provide that section 308(1) ... does not apply to specified amounts in a period of account so far as they derive from or otherwise relate to amounts brought into account in a specified way in a previous period of account.

3 The regulations may—

a make different provision for different cases, and b make provision subject to an election or to other specified conditions.

4 The regulations may apply to periods of account beginning before they are made, but not earlier than the beginning of the calendar year in which they are made. 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .