Schedule 10, paragraph 13

Section 25 (reports on overheads and forward planning etc) is amended as follows. For subsection (3)(a) substitute— where P is associated with one or more other persons— the ultimate parent undertaking in relation to P and those other persons, or where permitted under the regulations in relation to a report mentioned in subsection (2), another person associated with P which that undertaking and the Secretary of State have agreed is to be a designated person in relation to that report, and After subsection (8) insert— In this section, “financial year” means a year beginning with 1 April or a year beginning with such other date as may be agreed between the Secretary of State and a designated person.

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Source: legislation.gov.uk · retrieved 2026-09-04