# Corporation Tax Act 2010, Section 938S: Meaning of references to economic profits and losses


(1) An economic profit or loss is to be computed for the purposes of this Part taking into account, in particular—
(a) profits and losses made as a result of the operation of the Corporation Tax Acts, and
(b) any adjustments required to reflect the time value of money.
(2) In determining for the purposes of this Part the amount of an economic profit or loss made by the company over the scheme period, profits and losses made by the company are to be taken into account only to the extent that they are attributable to times at which the company is a party to the scheme.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/938S (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-938S
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.