Paragraph 29

(1)

For the purposes of Part 10 of TIOPA 2010 a debit or credit to which this paragraph applies is to be ignored.

(2)

This paragraph applies to a debit or credit if—

(a)

it is brought into account under the Loan Relationships and Derivative Contracts (Change of Accounting Practice) Regulations 2004 (S.I. 2004/3271), and

(b)

the later period, in relation to the change of accounting policy to which the debit or credit relates, begins before 1 April 2017.

(3)

In sub-paragraph (2) “the later period” has the same meaning as in the regulations mentioned in that sub-paragraph.