Corporation Tax Act 2009 section 1224

Accounting period to which expenses are referable

Section 1224 introduces the timing rules that determine which accounting period management expenses should be attributed to.

• Sections 1225 to 1227A set out the general rules for determining which accounting period management expenses belong to
• These general timing rules do not override specific timing provisions found in Chapter 3 of the same Part
• Nor do they override any other specific timing rules found elsewhere in the Corporation Tax Acts
• Where another provision specifically assigns management expenses to a particular accounting period, that specific provision takes priority