[421 Derivative contracts subject to fair value accounting: interpretation]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[421  Derivative contracts subject to fair value accounting: interpretation]

[(1)     In section 420 “the relevant assumptions” means the following assumptions—

(a)     that all members of the group are within the charge to corporation tax;

(b)     that elections under regulation 6A of the Disregard Regulations have effect in relation to each derivative contract of each member of the group;

(c)     that paragraph (5) of regulation 7 of the Disregard Regulations is of no effect;

(d)     that where—

(i)     a member of the group (“member

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Schemes of arrangement—procedure

Schemes of arrangement—procedureProduced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note looks at the detailed procedures to be followed to implement the acquisition by a buyer (offeror) of all the shares, or one or more classes of shares, in a company

LEXISNEXIS

Third party rights—the common law doctrine of privity of contract

Third party rights—the common law doctrine of privity of contractThis Practice Note discusses the common law doctrine of privity of contract; the equitable and statutory exceptions to it; how the doctrine affects enforcing a contract against a third party and what happens when, notwithstanding the

LEXISNEXIS

179. List of offences triable either way.

  Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2:  (1)     offences at common law of public nuisance3;  (2)     an offence at common law of

LEXISNEXIS

Criminal damage

Criminal damageGeneralSimple criminal damage is triable either way unless the value of the alleged damage is £5,000 or less, in which case the offence will be treated as if it were triable only summarily.Where the damage is caused by fire or the racially aggravated form of the offence is charged,