# The Investment Trusts (Approval of Accounting Methods for Creditor Relationships) Order 2001, Introduction: Introductory text


INCOME TAX
Made 14th February 2001
Laid before the House of Commons 14th February 2001
Coming into force 7th March 2001
Whereas it appears to the Treasury that the accounting methods referred to in Article 3 of this Order as “the main method” and “the simple method” are recognised by normal accounting practice for use in the case of investment trusts:
Now, therefore the Treasury, in exercise of the powers conferred on them by paragraphs 1 and 9(1) of Schedule 10 to the Finance Act 1996, hereby make the following Order:

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Source: https://www.legislation.gov.uk/uksi/2001/391/introduction (the official version)
Page: https://openlegislation.uk/investment-trusts-approval-of-accounting-methods-for-creditor-relationships-order-2001/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.