# Finance Act 1998, Paragraph 68


Expenses which were incurred before commencement but were not taken into account before commencement shall not, by virtue of section 25(3) or 31(3) of the Taxes Act 1988, be carried back and taken into account before commencement.

---
Source: https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/68 (the official version)
Page: https://openlegislation.uk/finance-act-1998/schedule-5/paragraph-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.