Paragraph 15 I1

(1)

The Commissioner's first financial year is the period that begins with the commencement day and ends with—

(a)

the following 31 March (if the commencement day is 1 April), or

(b)

the second following 31 March (if the commencement day is not 1 April).

(2)

Subject to that, the Commissioner's financial year is the period of 12 months ending with 31 March.

(3)

In this paragraph “commencement day” means the day when section 2 comes into force.

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