# Finance Act 2011, Paragraph 76A


(1) Liabilities under derivative contracts are never “long term” (and are therefore always short term).
(2) In this paragraph “derivative contract” has the meaning given by international accounting standards.

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/76A (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-76A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.