{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-1231",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-1231.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/1231",
  "kind": "section",
  "number": "1231",
  "heading": "Absence of accounts",
  "text": "(1) This section sets out how section 1229 operates if a company has an accounting period that neither coincides with nor falls within any period of account.\n(2) Section 1229 operates as if—\n(a) there were a period of account of the company that coincides with that accounting period, and\n(b) in calculating for accounting purposes the company's profits and losses for that period of account, amounts were brought into account in accordance with UK generally accepted accounting practice.\n(3) The references in section 1251(3)(b) (car ... hire) to credits and debits include credits and debits that are deemed to be made by virtue of this section.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 1231(3) omitted (with effect in accordance with Sch. 11 paras. 65-67 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 11 para. 56"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/1231",
    "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."
}