CIRD12020 - Core computational rules: accounting: allocation of amounts to periods of account

No special rules

The core computation rules described in FA02/SCH29 Part 2 to Part 5 allocate amounts to ‘periods of account’. This expression is not defined in Schedule 29 and therefore attracts the general definition in ICTA88/S832, simply the period for which a company draws up its accounts.

Nor are there special rules in Schedule 29 for the adjustments necessary where a company’s period of account is not the same as its ‘accounting period’ for corporation tax purposes (for example where the period of account in longer than twelve months). The general approach described in CTM01405 applies instead.