Statute
Section 325 — Corporation Tax Act 2009: Restriction on credits resulting from reversal of disallowed debits
Text of the provision Official document
Restriction on credits resulting from reversal of disallowed debits 325 1 No credit is to be brought into account for the purposes of this Part in respect of the reversal of a debit disallowed by section 324(1).
2 This section does not apply if fair value accounting is used.
3 See also paragraph 61 of Schedule 2 (restriction on bringing into account credits resulting from reversal of debits disallowed in a period of account beginning before 1 January 2005).
Official source: legislation.gov.uk
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