# Fur Farming (Compensation Scheme) (England) Order 2002, Paragraph 8: Change of accounting date during reference period

Extent: E+W

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.

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Source: https://www.legislation.gov.uk/uksi/2002/221/schedule/5/paragraph/8 (the official version)
Page: https://openlegislation.uk/fur-farming-compensation-scheme-england-order-2002/schedule-5/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.