# Taxation (International and Other Provisions) Act 2010, Section 97A: Commercial allocation of relevant income to different categories of long-term business

Extent: E+W+S+N.I.

(1) The amount of the relevant income that, for the purposes of section 97, is to be regarded as referable to a category of business is to be determined in accordance with an acceptable commercial method adopted by the company for the period of account in which the relevant income arises.
(2) A method is an “acceptable commercial method” if, in all the circumstances, it can reasonably be regarded as providing a fair method for the purposes of section 97 for determining for a period of account the amount of any income or gain arising in the period that is referable to a particular category of long-term business carried on by the company.
(3) The Treasury may make regulations for the purposes of this section—
(a) prescribing cases in which a method is, or is not, to be regarded as an acceptable commercial method, and
(b) prescribing cases in which the only acceptable commercial method is to be a method prescribed, or of a description prescribed, in the regulations.
(4) Subject to any provision made by regulations under subsection (3), the method adopted for the purposes of this section for a period of account must be consistent with the method adopted for the purposes of section 98 or 115 of FA 2012 for that period.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/97A (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-97A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.