Paragraph 34F
United Kingdom
(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.
Notes on Schedule 8
Textual amendments
- F1
Sch. 8 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)