Section 103 | References to accounting practice and periods of account

(1)Repealed^F1

(2)Repealed^F2

(3)In section 288(1) of the Taxation of Chargeable Gains Act 1992 (interpretation), at the appropriate place insert—.

(4)In the following provisions for “normal accounting practice” or “normal accountancy practice”, wherever occurring, substitute “ generally accepted accounting practice ”

(a)in the Taxes Act 1988, sections ......, ..., 798B(1) ..., ...;^F3F4F5F6

(b)in the Finance Act 1993 (c. 34), sections ... 150(6)(c) and (11)(c), 154(11)(c), (12)(d), (13)(b), (13A)(d) and (13B)(d), 155(7), (11)(d) and (12)(b), 156(2)(e) and (4)(b) and 159(1)(b);^F7

(c)in the Finance Act 1994 (c. 9), section 156(3)(a) and (4)(a);

(d)Repealed^F8

(e)Repealed^F9F10

(f)in the Finance Act 2000 (c. 17), ... in Schedule 15, paragraph 29(4), ...;^F11F12

(g)in the Capital Allowances Act 2001 (c. 2), sections 179(1)(f), 219(1) ...;^F13

(h)Repealed^F14

(5)Repealed^F15

(6)The amendments made by subsections (1) to (3) above have effect for the purposes of provisions of this Act using the expressions mentioned (including provisions inserted by amendment in other enactments) whenever those provisions are expressed to have effect or to come, or to have come, into force.This is without prejudice to the general effect of those amendments.