SCHEDULES
SCHEDULE 10Amendment of enactments that operate by reference to accounting practice
Part 2Derivative contracts
70Consequential amendment
In section 440 of the Taxes Act 1988 (insurance companies: transfers of assets etc.), in subsection (2B) (treatment of derivative contract), for the words from “any authorised accounting method” to “shall be applied” substitute “Schedule 26 to the Finance Act 2002 applies”.