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Paragraph 5 Currency

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The amount of any income or expenditure shall be expressed in sterling using such bases of conversion as are in accordance with generally accepted accounting practice.

(2)

The bases of conversion adopted shall be stated by way of supplementary note to Form 16 or, if there is no Form 16, by way of supplementary note to Form 40.