HM Revenue and Customs has published draft regulations for amending the Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (amendment) Regulations 2004 as a result of changes in accounting standards, together with and explanatory memorandum, for comment by 12 September 2014.
A Tax Information and Impact Note for this measure was published along side these draft regulations at Taxation of Corporate Debt and Derivative Contracts Amendments to the Disregard Regulations 2004
HM Revenue and Customs
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Telephone: 03000 569 408