{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/schedule-1/paragraph-544",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/schedule-1/paragraph-544.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "schedule/1/paragraph/544",
  "kind": "paragraph",
  "number": "544",
  "heading": null,
  "text": "(1) Schedule 28 (derivative contracts: transitional provisions etc) is amended as follows.\n(2) Omit paragraph 1 (anti-avoidance: change of accounting period).\n(3) After paragraph 2(4) (qualifying contracts to which company ceases to be party before commencement day) insert—\n“(4A) In relation to a subsequent accounting period ending on or after 1 April 2009, the reference in sub-paragraph (4) to Schedule 26 is to be read as a reference to Part 7 of the Corporation Tax Act 2009.”\n(4) Omit paragraph 3 (qualifying contracts which become derivative contracts).\n(5) After paragraph 4(7) (contracts which became derivative contracts: chargeable assets) insert—\n“(7A) In relation to an accounting period ending on or after 1 April 2009, the reference in sub-paragraph (7) to Chapter 2 of Part 4 of the Finance Act 1996 is to be read as a reference to Part 5 of the Corporation Tax Act 2009.”\n(6) After paragraph 5(9) (contracts: election to treat as two assets) insert—\n“(9A) In relation to an accounting period ending on or after 1 April 2009, the reference in sub-paragraph (9) to Chapter 2 of Part 4 of the Finance Act 1996 is to be read as a reference to Part 5 of the Corporation Tax Act 2009.”\n(7) After paragraph 6(8) (contracts which become derivative contracts: contracts within Schedule 5AA to ICTA) insert—\n“(8A) In relation to an accounting period ending on or after 1 April 2009—\n(a) the reference in sub-paragraph (7) to paragraph 14(3) of Schedule 26 is to be read as a reference to section 574 of the Corporation Tax Act 2009,\n(b) the reference in that sub-paragraph to Chapter 2 of Part 4 of the Finance Act 1996 is to be read as a reference to Part 5 of the Corporation Tax Act 2009, and\n(c) the references in sub-paragraph (8) to Schedule 26 are to be read as references to Part 7 of the Corporation Tax Act 2009.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/544",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}