Finance (No. 2) Act 2015

99 (1) Schedule 4 to CTA 2009 (index of defined expressions) is amended as follows.

(2) At the appropriate place in each case insert—

“accounting policy (in Parts 5 and 6)

section 476”;

“accounting policy (in Part 7)

section 710”;

“designated fair value hedge (in Parts 5 and 6)

section 313(7)”;

“hedged item (in Parts 5 and 6)

section 313(7)”;

“hedging relationship (in Parts 5 and 6)

section 475A”;

“relevant contract (in Parts 5 and 6)

section 476(1)”;

“tax-adjusted carrying value (in Parts 5 and 6)

section 465B”;

“tax-adjusted carrying value (in Part 7)

section 702”.

(3) In the entry for “fair value (in Parts 5 and 6)”, for “313(6)” substitute “476(1)”.

(4) Omit the following—

(a) the entry for “carrying value (in Part 7)”;

(b) the entries for “statement of comprehensive income (in Parts 5 and 6)” and “statement of comprehensive income (in Part 7)”;

(c) the entries for “the Part 5 one-way exchange effect provisions” and “the Part 7 one-way exchange effect provisions”.