SCHEDULES
F1F1SCHEDULE 4
Annotations:
Amendments (Textual)
Part II Accounting Principles and Rules
SECTION DFAIR VALUE ACCOUNTING
The fair value reserve
34F
1
The fair value reserve must be adjusted to the extent that the amounts shown in it are no longer necessary for the purposes of paragraph 34E(3) or (4).
2
The treatment for taxation purposes of amounts credited or debited to the fair value reserve must be disclosed in a note to the accounts.
Sch. 4 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)