Paragraph 8 Change of accounting date during reference period

Where the accounting date for an entitled applicant’s qualifying business changed during the reference period and one or more accounting periods during the reference period were more or less than a year in length, the Minister shall, subject to paragraphs 9 and 10, calculate P for the purposes of paragraph 6 above on the basis of the average net trading profits of the qualifying business arrived at in accordance with paragraph 7 above but by using a reasonable estimate of what the net trading profits for any such accounting period would have been had it been a year in length instead of the actual net trading profits for that accounting period.