Corporation Tax Act 2010 section 1172

Apportionment to different periods

Section 1172 establishes the default method for apportioning amounts across different periods under the Corporation Tax Acts.

• Where an amount needs to be split across different periods, it must be apportioned on a time basis.
• The apportionment is calculated according to the respective lengths of the periods involved.
• This time-based approach is the standard default rule throughout the Corporation Tax Acts.
• The default rule can be overridden where another provision specifically requires a different method of apportionment.