Paragraph 15 Corporation tax: accounting periods straddling 1 April 2025

United Kingdom

(1)

This paragraph applies where a company has an accounting period beginning before, and ending on or after, 1 April 2025 (“the straddling period”).

(2)

For the purposes of this Schedule—

(a)

so much of the straddling period as falls before 1 April 2025, and so much of that period as falls on or after 1 April 2025, are treated as separate accounting periods, and

(b)

where it is necessary to apportion an amount for the straddling period to the two separate accounting periods, it is to be apportioned—

(i)

in accordance with section 1172 of CTA 2010 (time basis), or

(ii)

if that method would produce a result that is unjust or unreasonable, on a just and reasonable basis.