[607A Company is not, or has ceased to be, party to derivative contract]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[607A  Company is not, or has ceased to be, party to derivative contract]

[(1)     This section applies if—

(a)     amounts in respect of a qualifying contract are recognised in a company's accounts for an accounting period (“the current period”) as an item of profit or loss even though during all or part of the period the company is not a party to the qualifying contract,

(b)     any of conditions A to D is met, and

(c)     in the absence of this section, the credits and debits brought into account by the company for the purposes of this Part for the current period would not include credits or debits representing the whole of those amounts.

(2)     In

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