Regulation 5 Amendments to the Loan Relationships and Derivative Contracts (Change of Accounting Practice) Regulations 2004

In regulation 3B (prescribed debits and credits in relation to dormant accounts)^f1—

(a)

in paragraphs (2) and (10) for “carrying value” substitute “tax-adjusted carrying value”, and

(b)

in paragraph (10)—

(i)

for “section 317” substitute “section 465B”^f2, and

(ii)

for “regulation 3A(2)” substitute “regulation 3A(9)”.

Annotations

f1: Regulation 3B was inserted by S.I. 2005/3383 and substituted by S.I. 2007/3432.
f2: Section 465B of the Corporation Tax Act 2009 was inserted by paragraph 52 of Schedule 7 to the Finance (No 2) Act 2015 (c. 33).