Corporation Tax Act 2009 section 1217BE

Estimates

Section 1217BE establishes the requirements for making estimates at the balance sheet date for each period of account in the context of theatre tax relief.

• Estimates must be prepared as at the balance sheet date for each period of account
• All estimates must be made on a just and reasonable basis
• All relevant circumstances must be taken into consideration when preparing estimates
• This ensures a consistent and fair approach to the estimation process across accounting periods