{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/schedule-2/paragraph-61",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/schedule-2/paragraph-61.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "schedule/2/paragraph/61",
  "kind": "paragraph",
  "number": "61",
  "heading": null,
  "text": "(1) No credit is to be brought into account for the purposes of Part 5 in respect of the reversal of a debit that was disallowed for tax purposes in a period of account beginning before 1 January 2005—\n(a) because of the assumption required by paragraph 5(1) of Schedule 9 to FA 1996, or\n(b) because the exceptions in section 74(1)(j) of ICTA did not apply.\n(2) This paragraph does not apply if fair value accounting is used.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/61",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}