Finance Act 2006

Valid from 19/07/2006

Loan relationships: computation in accordance with generally accepted accounting practice U.K.

11 (1) Section 85A of FA 1996 (computation in accordance with generally accepted accounting practice) is amended as follows. U.K.

(2) In subsection (1) (amounts to be brought into account are those recognised in determining company's profit or loss) after “Subject to the provisions of this Chapter” insert “ (including, in particular, section 84(1)) ”.