<b>Tax Feature:</b> Spreading provisions ' some finer details. By Rebecca Benneyworth
Detailed study of the Finance Bill measures has revealed a few additional points about the spreading provisions which affect businesses adopting UITF 40 for the first time.
It was anticipated that the provisions would prevent an entity benefiting from spreading when they have adopted the new accounting treatment early, as this was made clear in the announcement in December 2005. The provisions only apply to changes in accounting treatment for periods ending before 22 June 2005.