# Finance (No. 2) Act 2015, Paragraph 126


If in an accounting period beginning before 1 January 2016, subsection (3) of section 307 of CTA 2009 prevents a company from bringing into account for the purposes of Part 5 of that Act a credit or debit that it would otherwise bring into account, no debit or credit is to be brought into account for those purposes under section 307 as amended by paragraph 4 in an accounting period beginning on or after 1 January 2016 to the extent that the debit or credit represents a reversal (in whole or part) of the debit or credit previously excluded.

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Source: https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/126 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2015/schedule-7/paragraph-126
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.