6U.K.After section 809BZP insert—
“SupplementaryU.K.
809BZQAccounts
(1)This section applies for the purposes of this Chapter.
(2)A reference to the accounts of a person includes (if the person is a company) a reference to the consolidated group accounts of a group of companies of which it is a member.
(3)In determining whether accounts record an amount as a financial liability in respect of an advance, assume that the period in which the advance is received ended immediately after the receipt of the advance.
(4)If a person does not draw up accounts in accordance with generally accepted accounting practice, assume that the person drew up the accounts in accordance with that practice.
809BZRArrangements
A reference in this Chapter to an arrangement includes a reference to an agreement or understanding (whether or not legally enforceable).
809BZSAssets
(1)This section applies for the purposes of this Chapter.
(2)A reference to a person receiving an asset includes—
(a)a reference to the person obtaining (directly or indirectly) the value of an asset or otherwise deriving (directly or indirectly) a benefit from it, and
(b)a reference to the discharge (in whole or part) of a liability of the person.
(3)A reference to a disposal of an asset includes a reference to anything constituting a disposal of it for the purposes of TCGA 1992.
(4)A reference to payments in respect of an asset includes—
(a)a reference to payments in respect of another asset substituted for it under the arrangement, and
(b)a reference to obtaining (directly or indirectly) the value of an asset or otherwise deriving (directly or indirectly) a benefit from it.”