{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-309",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-309.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/309",
  "kind": "section",
  "number": "309",
  "heading": "Companies without GAAP-compliant accounts",
  "text": "(1) If a company—\n(a) draws up accounts which are not GAAP-compliant accounts, or\n(b) does not draw up accounts at all,\nthis Part applies as if GAAP-compliant accounts had been drawn up.\n(2) Accordingly, references in this Part to amounts recognised for accounting purposes are references to the amounts that would have been recognised if GAAP-compliant accounts had been drawn up for the period of account in question and any relevant earlier period.\n(3) For this purpose a period of account is relevant to a later period if the accounts for the later period rely to any extent on amounts derived from the earlier period.\n(4) In this section “GAAP-compliant accounts” means accounts drawn up in accordance with generally accepted accounting practice.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/309",
    "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."
}