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Regulation 3 Credits and debits not to be brought into account

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

The debits and credits prescribed in regulation 4 shall not be brought into account in the first accounting period of a company beginning on or after 1st January 2005, but shall be brought into account in the first accounting period of the company beginning on or after 1st January 2006.