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Legislation
Corporation Tax Act 2010

Chapter 4 Supplementary provisions

  • Section 930 Pre-26 November 1996 schemes and post-25 November 1996 schemes
  • Section 931 Time apportionment where periods of account do not coincide
  • Section 932 Periods of account and related periods of account and accounting periods
  • Section 933 Connected persons
  • Section 934 Assets which represent the leased asset
  • Section 935 Parent undertakings and consolidated group accounts
  • Section 936 Assessments and adjustments
  • Section 937 Interpretation of Part
  1. Chapter 4 · Supplementary provisions
  2. Parent undertakings and consolidated group accounts

Section 935 | Parent undertakings and consolidated group accounts

From legislation.gov.uk

(1)This Part has effect in relation to a body corporate that—

(a)is a parent undertaking, but

(b)for accounting purposes is not required to prepare consolidated group accounts in accordance with generally accepted accounting practice,

as if it were so required.

(2)For the purposes of subsection (1) it does not matter where the body corporate is incorporated.

(3)In subsection (1) “parent undertaking” is to be read in accordance with section 1162 of the Companies Act 2006.

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