Companies (Accounting) Act 2017

Amendment of section 326 of Principal Act

42. Section 326 of the Principal Act is amended—

(a) in subsection (3), by the substitution of “Subject to subsection (3A), where material for an assessment” for “Where material for an assessment”, and

(b) by the insertion of the following subsection after subsection (3):

“(3A) A company that qualifies for the small companies regime or the micro companies regime shall be exempt from the requirements of subsection (3).”.