Paragraph 32

United Kingdom

(1)

The amendments made by this Schedule have effect in relation to chargeable periods commencing on or after 1 January 2026.

(2)

But sub-paragraph (1) does not apply to the amendments made by—

(a)

paragraphs 4 to 11,

(b)

paragraphs 19 and 20, and

(c)

paragraphs 24 to 27.

(3)

And for the purposes of sub-paragraph (1) as it applies in relation to paragraphs 29 and 30, an accounting period beginning before and ending on or after 1 January 2026 is to be treated as if so much of the period as falls before that date, and so much of the period as falls on or after that date, were separate accounting periods (and see further sections 307 and 595 of CTA 2009).