Taxation of corporate debt and derivative contracts amendments to the change of accounting practice Regulations 2004
- HM Revenue & Customs
- Part of:
- Corporate Debt and Derivative Contracts: Draft Regulations, Tax information and impact notes, and Tax agent and adviser guidance
- First published:
- 7 August 2014
- Last updated:
- 23 December 2014, see all updates
This Tax Information and Impact Note amends the operation of the change of accounting practice regulations.
The measure amends the operation of the change of accounting practice Regulations. This preserves the treatment of certain debt following a change in accounting practice where there has previously been a corporate rescue.
Legislation for this measure has been published at The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014
This measure supports the Government’s objective of establishing a simpler, more certain and more robust tax system. This measure looks to ease the impact of accountancy changes that become mandatory for many companies from 1 January 2015.
Published: 7 August 2014
Updated: 23 December 2014
- Legislation for this measure has now been published and a link to the legislation provided
- First published.