# The Charities (Accounts and Reports) Regulations 2008, Regulation 10: Financial years of subsidiary undertakings


(1) For the purposes of Schedule 5A to the 1993 Act the financial years of subsidiary undertakings are to be determined in accordance with this regulation.
(2) The financial year of a charitable subsidiary undertaking is to be determined in accordance with section 97 of the 1993 Act.
(3) The financial year of a non-charitable subsidiary undertaking is a period in respect of which a profit and loss account of the undertaking is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not.

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Source: https://www.legislation.gov.uk/uksi/2008/629/regulation/10 (the official version)
Page: https://openlegislation.uk/charities-accounts-and-reports-regulations-2008/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.