The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations, SI 2011/698, address a situation that is not covered by the current ‘disregard regulations’ (SI 2004/3256) which provide that certain foreign exchange gains and losses are disregarded for tax purposes. The amending regulations come into force on 1 April.
The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations, SI 2011/698, address a situation that is not covered by the current ‘disregard regulations’ (SI 2004/3256) which provide that certain foreign exchange gains and losses are disregarded for tax purposes. The amending regulations come into force on 1 April.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")