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Legislation
Finance Act 2020

Crossheading Accounting periods, accounts etc

  • Section 61 Accounting periods and meaning of “a group's accounts”
  • Section 62 Apportionment of revenues or expenses to accounting period
  • Section 63 Meaning of revenues arising, or expenses recognised, in a period
  • Section 64 Meaning of “the applicable accounting standards” etc
  1. Accounting periods, accounts etc
  2. Apportionment of revenues or expenses to accounting period

Section 62 | Apportionment of revenues or expenses to accounting period

From legislation.gov.uk

(1)This section applies if a group's period of account does not coincide with an accounting period.

(2)The revenues or expenses of a period of account may be apportioned to the parts of that period falling within different accounting periods.

(3)The apportionment must be made by reference to the number of days in the periods concerned.

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