55U.K.In section 476 (other definitions), in subsection (1)—
(a)before the definition of “alternative finance arrangements” insert—
““accounting policy”, in relation to a company, means the principles, bases, conventions, rules and practices that the company applies in preparing and presenting its financial statements,”,
(b)after the definition of “equity instrument” insert—
““fair value” has the meaning it has for accounting purposes,”,
(c)after the definition of “release debit” insert—
““relevant contract” has the same meaning as in Part 7 (see section 577),”,
(d)in the definition of “tax advantage”, for “has” substitute “ , except in the expression “loan-related tax advantage”, has ”.