# Corporation Tax Act 2009, Section 717: Companies without GAAP-compliant accounts


(1) If a company—
(a) draws up accounts that are not GAAP-compliant accounts, or
(b) does not draw up accounts at all,
this Part applies as if GAAP-compliant accounts had been drawn up.
(2) References in this Part to amounts recognised for accounting purposes are references to the amounts which would have been recognised if GAAP-compliant accounts had been drawn up for the period of account in question and any relevant earlier period.
(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.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/717 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-717
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.