Statute
Section 558 — Corporation Tax Act 2009: Interpretation of accounting expressions
Text of the provision Official document
Interpretation of accounting expressions 558 1 In determining for the purposes of this Chapter whether an amount is recorded as a financial asset or liability in respect of the advance, it is assumed that the period of account in which the advance is received or made ended immediately after the receipt or making of the advance.
2 In its application for the purposes of this Chapter, section 309(1) applies as if the reference to a company were a reference to a person.
Official source: legislation.gov.uk
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