# Taxation (International and Other Provisions) Act 2010, Paragraph 6


After section 809BZP insert—
“Supplementary
Accounts
809BZQ (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.
Arrangements
809BZR A reference in this Chapter to an arrangement includes a reference to an agreement or understanding (whether or not legally enforceable).
Assets
809BZS (1) This section applies for the purposes of this Chapter.
(2) A reference to a person receiving an asset includes—
(a) a reference to the person obtaining (directly or indirectly) the value of an asset or otherwise deriving (directly or indirectly) a benefit from it, and
(b) a reference to the discharge (in whole or part) of a liability of the person.
(3) A reference to a disposal of an asset includes a reference to anything constituting a disposal of it for the purposes of TCGA 1992.
(4) A reference to payments in respect of an asset includes—
(a) a reference to payments in respect of another asset substituted for it under the arrangement, and
(b) a reference to obtaining (directly or indirectly) the value of an asset or otherwise deriving (directly or indirectly) a benefit from it.”

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Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/6 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-5/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.