Finance Act 2009 (c. 10)

SCHEDULES

SCHEDULE 15 Tax treatment of financing costs and income

Part 10 Other interpretative provisions

Expressions taking their meaning from international accounting standards

92 (1) For the purposes of this Schedule the following expressions have the meaning for the time being given by international accounting standards—

• “effective interest method”;

• “entity”;

• “parent”;

• “subsidiary”.

(2) The Commissioners may by order amend this paragraph.