997 Meaning of “generally accepted accounting practice” and related expressions
Income Tax Act 2007 (2007 c 3) | Legislation

997  Meaning of “generally accepted accounting practice” and related expressions

(1)     In the Income Tax Acts “generally accepted accounting practice” means UK generally accepted accounting practice.

This is subject to subsection (3).

(2)     In the Income Tax Acts “UK generally accepted accounting practice”—

(a)     means generally accepted accounting practice in relation to

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