871(1)  This section applies if–

(a)income is chargeable to income tax under or by virtue of any provision to which section 1016 of ITA 2007 applies, and

(b)any period for which the accounts are drawn up (a “period of account”) does not coincide with a tax year.

871(2)  For this purpose the reference to any provision to which section 1016 of ITA 2007 applies is to be read as if subsection (3)(a) of that section were omitted (exclusion for relevant foreign income charged under this Act).

871(3)  Any of the following steps may be taken if they are necessary in order to arrive at the profits or losses of the tax year–

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