# Income Tax (Trading and Other Income) Act 2005, Paragraph 41


(1) Section 149 does not apply in relation to periods of account beginning before 1st January 2005.
(2) But, in the case of a company required to prepare accounts—
(a) under the Companies Act 1985 (c. 6), or
(b) under the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)),
that section does apply in relation to a period of account beginning before that date for which the company is required or permitted to prepare such accounts in accordance with international accounting standards.

---
Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/41 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-2/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.