54 Changes of accounting policy
Finance Act 2012 (2012 c 14) | Legislation

54  Changes of accounting policy

(1)     In section 227 of ITTOIA 2005 (adjustment on change of accounting basis: income tax)—

(a)     in subsection (3)(a) for “relevant change of accounting approach” substitute “change of accounting policy”, and

(b)     for subsection (4) substitute—

“(4)     A “change of accounting policy” includes, in particular—

(a)     a change from using UK generally accepted accounting practice to using generally accepted accounting practice with respect to accounts prepared in accordance with international accounting standards, and

(b)     a change from using

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