Taxation (International and Other Provisions) Act 2010 section 353AA

Power to make regulations where accounting standards change

Section 353AA previously granted a power to make regulations to address changes in accounting standards, but this provision has been repealed and is no longer in force.

• Section 353AA was part of Part 7 of the Taxation (International and Other Provisions) Act 2010
• The entire Part 7 was repealed by the Finance (No. 2) Act 2017, section 20 and Schedule 5, paragraph 11
• The repeal took effect for periods of account of worldwide groups beginning on or after 1 April 2017
• The corporate interest restriction rules introduced by the Finance (No. 2) Act 2017 replaced the previous regime contained in Part 7