Related HMRC Manuals

357BLF(1)  Subsections (2) to (6) define “the relevant period” for the purposes of sections 357BLB to 357BLE.

357BLF(2)  The “relevant period” is the period which–

(a)ends with the last day of the accounting period, and

(b)begins on the relevant day or such earlier day as the company may elect.

This is subject to subsection (6).

357BLF(3)  The “relevant day” is 1 July 2013 in a case where–

(a)the accounting period begins before 1 July 2021, and

(b)the company is a new entrant (see section 357A(11)).

357BLF(4)  The “relevant day” is 1 July 2016 in any other case.

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