http://www.legislation.gov.uk/uksi/2006/936/signature/made

The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations 2006

CORPORATION TAX

King's Printer of Acts of Parliament

2011-07-04

CORPORATION TAX

These Regulations correct a drafting error in the Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2006 (S.I. 2006/843), and provide for a new regulation 5 to be substituted. Regulation 5 provides that the amount of a loss arising on certain derivative contracts is not to be recognised in determining a company’s profit or loss for any period.