[F114(1)This paragraph applies if the first period of account for which the right-of-use asset falls (or would fall) to be recognised for accounting purposes in the accounts of the lessee begins before 1 January 2019.U.K.
(2)The change of basis provisions and this Part of this Schedule have effect—
(a)as if there were a change of accounting policy with respect of the accounts of the lessee for the first period of account beginning on or after 1 January 2019, and
(b)as if that period of account were the first period of account for which the right-of-use asset falls (or would fall) to be recognised for accounting purposes in the accounts of the lessee.]
Textual Amendments
F1Sch. 14 para. 14 substituted (retrospectively) by Finance Act 2020 (c. 14), s. 35(3)(4)