Version Superseded: 01/04/2009
Point in time view as at 31/10/2006.
There are currently no known outstanding effects for the Finance Act 2004, Paragraph 20.
20(1)Paragraph 5 (bad debts etc.) is amended as follows.U.K.
(2)For the heading substitute “ Release of liability under debtor relationship ”.
(3)Omit sub-paragraphs (1) to (2A).
(4)In sub-paragraph (3)(b) for “an authorised accruals basis of accounting” substitute “ an amortised cost basis of accounting ”.
(5)In sub-paragraphs (5), (6)(b) and (c) and (7)(a) for “requires the use of an authorised accruals basis of accounting” substitute “ applies ”.
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