CTM80370 - Groups: group relief: the international aspect - accounting period straddling 1 April 2000

FA00/SCH27/PARA6

The rules in FA00 (CTM80300) apply to accounting periods ending on or after 1 April 2000. Where an accounting period straddles that date, the rules in FA00/SCH27/PARA6 provide for apportionment.

Apportionment is on a time basis, except where that would give an unjust or unreasonable result. This is the same basis as that in ICTA88/S403B - see CTM80260.

See Press Release PR27/99 concerning the formation of a group relationship before 1 April 2000 by reference to a company resident in the European Union or European Economic Area.