Section 43AA

The Treasury may by order provide for sections 43A and 43AZA to have effect with specified modifications in relation to a specified class of person. An order under subsection (1) may, in particular— make provision by reference to generally accepted accounting practice; define generally accepted accounting practice for that purpose by reference to a specified document or instrument (and may provide for the reference to be read as including a reference to any later document or instrument that amends or replaces the first); adopt any statutory or other definition of generally accepted accounting practice (with or without modification); make provision by reference to what would be required or permitted by generally accepted accounting practice if accounts, or accounts of a specified kind, were prepared for a person. An order under subsection (1) may also, in particular, make provision by reference to— the nature of a person; past or intended future activities of a person; the relationship between a number of persons; the effect of including a person within a group or of excluding a person from a group. An order under subsection (1) may— make provision which applies generally or only in specified circumstances; make different provision for different circumstances; include supplementary, incidental, consequential or transitional provision.

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Source: legislation.gov.uk · retrieved 2026-07-28