Finance (No. 2) Act 2015 (c. 33)

SCHEDULES

SCHEDULE 7 U.K. Loan relationships and derivative contracts

PART 6 U.K. Commencement and transitional provisions

Commencement: the general rule U.K.

103 U.K. The general rule is that the amendments made by Parts 1 to 4 of this Schedule have effect in relation to accounting periods beginning on or after 1 January 2016.

104 U.K. This general rule—

(a) does not apply in relation to the provisions dealt with by paragraphs 106 to 114, and

(b) has effect subject to the transitional provisions in paragraphs 115 to 129.

105 U.K. Part 5 of this Schedule comes into force on the day on which this Act is passed.