615 Change of accounting policy after ceasing to be party to derivative contract
Corporation Tax Act 2009 (2009 c 4) | Legislation

615  Change of accounting policy after ceasing to be party to derivative contract

(1)     This section applies if—

(a)     the company has ceased to be a party to a derivative contract in an accounting period (“the cessation period”),

[(b)     section 607A (company is not, or has ceased to be, party to derivative contract) applied to the cessation, and]

(c)     there is a difference between the amount outstanding in respect of the derivative contract (see subsection (5))—

(i)     at the end of the earlier period, and

(ii)     at the beginning of the later period.

[(2)     A credit or debit (as the case may be) of an amount

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