SCHEDULES

SCHEDULE 6Avoidance involving financial arrangements

Derivative contracts: computation in accordance with generally accepted accounting practice

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(1)

Paragraph 17A of Schedule 26 to FA 2002 (computation in accordance with generally accepted accounting practice) is amended as follows.

(2)

In sub-paragraph (1) (amounts to be brought into account are those recognised in determining company's profit or loss) after “Subject to the provisions of this Schedule” insert “ (including, in particular, paragraph 15(1)) ”.