# Finance Act 2012, Paragraph 11


(1) A receipt or expense within paragraph 9 or 10 is to be treated as arising over the period of 10 years beginning with 1 January 2013.
(2) The amount of the receipt or expense apportioned to (and treated as arising in) any accounting period falling wholly or partly in that 10-year period is to be determined in proportion to the number of days of the accounting period falling within that 10-year period.
(3) This paragraph does not apply to a receipt which consists of a relevant court-protected item within the meaning of paragraph 12.
(4) This paragraph is subject to paragraphs 13 to 15 (transfers and cessation of business etc).

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/17/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-17/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.