# Income Tax Act 2007, Section 809BZQ: Accounts


(1) This section applies for the purposes of this Chapter.
(2) A reference to the accounts of a person includes (if the person is a company) a reference to the consolidated group accounts of a group of companies of which it is a member.
(3) In determining whether accounts record an amount as a financial liability in respect of an advance, assume that the period in which the advance is received ended immediately after the receipt of the advance.
(4) If a person does not draw up accounts in accordance with generally accepted accounting practice, assume that the person drew up the accounts in accordance with that practice.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/809BZQ (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-809BZQ
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.