# Corporation Tax Act 2009, Paragraph 61


(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—
(a) because of the assumption required by paragraph 5(1) of Schedule 9 to FA 1996, or
(b) because the exceptions in section 74(1)(j) of ICTA did not apply.
(2) This paragraph does not apply if fair value accounting is used.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/61 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/schedule-2/paragraph-61
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.