{
  "url": "https://openlegislation.uk/finance-act-2014/schedule-1/paragraph-22",
  "json_url": "https://openlegislation.uk/finance-act-2014/schedule-1/paragraph-22.json",
  "legislation": "ukpga/2014/26",
  "legislation_title": "Finance Act 2014",
  "legislation_url": "https://openlegislation.uk/finance-act-2014",
  "path": "schedule/1/paragraph/22",
  "kind": "paragraph",
  "number": "22",
  "heading": null,
  "text": "(1) The other amendments made by this Schedule have effect for the financial year 2015 and subsequent financial years.\n(2) In the case of an accounting period (a “straddling period”)—\n(a) beginning before 1 April 2015, and\n(b) ending on or after that date,\nthe repealed small profit provisions and the new ring fence small profit provisions apply as if the different parts of the straddling period falling in the different financial years were separate accounting periods.\n(3) For this purpose—\n“the repealed small profit provisions” means Part 3 of CTA 2010,\n“the new ring fence small profit provisions” means sections 279A(3) and 279B to 279H”.\n(4) For the purposes of sub-paragraph (2) all necessary apportionments are to be made between the two separate accounting periods.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 1 para. 22 excluded (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), s. 39(1)(2)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/26/schedule/1/paragraph/22",
    "retrieved_at": "2026-10-29T09:07:29.129035+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."
}