Finance Act 2004 (c. 12)

SCHEDULES

SCHEDULE 10 Amendment of enactments that operate by reference to accounting practice

Part 1 Loan relationships

Main computational provisions

1 (1) Section 84 of the Finance Act 1996 (c. 8) (debits and credits to be brought into account) is amended as follows.

(2) In subsection (1) omit “in accordance with an authorised accounting method and”.

(3) Omit subsections (2) and (4A).

(4) For subsection (7) substitute—

“(7) Schedule 9 to this Act contains further provisions as to the debits and credits to be brought into account for the purposes of this Chapter.”.