99(1)An amount that would, apart from this paragraph, meet condition A, B or C in paragraph 54 (definition of “financing expense amount”) does not meet that condition if it is a debit that, but for a relevant enactment, would be brought into account for the purposes of corporation tax in an accounting period beginning before 1 January 2010.
(2)For this purpose the following are “relevant enactments”—
(a)section 373 of CTA 2009 (late interest treated as not accruing until paid in some cases),
(b)section 407 of that Act (postponement until redemption of debits for connected companies' deeply discounted securities),
(c)section 409 of that Act (postponement until redemption of debits for close companies' deeply discounted securities), and
(d)regulation 3A of the Loan Relationships and Derivative Contracts (Change of Accounting Practice) Regulations 2004 (S.I. 2004/3271) (prescribed debits and credits brought into account over prescribed period).
(3)An amount that would, apart from this paragraph, meet condition A, B or C in paragraph 55 (definition of “financing income amount”) does not meet that condition if it is a credit that, but for the regulation mentioned in sub-paragraph (2)(d) of this paragraph, would be brought into account for the purposes of corporation tax in an accounting period beginning before 1 January 2010.