# Finance Act 2019, Paragraph 14

Extent: E+W+S+N.I.

(1) This paragraph applies if the first period of account for which the right-of-use asset falls (or would fall) to be recognised for accounting purposes in the accounts of the lessee begins before 1 January 2019.
(2) The change of basis provisions and this Part of this Schedule have effect—
(a) as if there were a change of accounting policy with respect of the accounts of the lessee for the first period of account beginning on or after 1 January 2019, and
(b) as if that period of account were the first period of account for which the right-of-use asset falls (or would fall) to be recognised for accounting purposes in the accounts of the lessee.

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/14/paragraph/14 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-14/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.