§ Amendments made: No. 76, in page 308, line 40, after 'debit' insert
§ '(in the case of an asset) or credit (in the case of a liability)'.
871§ No. 77, in page 308, line 42, after 'credit' insert
'(in the case of an asset) or debit (in the case of a liability)'.
§ No. 78, in page 309, line 6, after 'credit' insert
'(in the case of an asset) or debit (in the case of a liability)'.
§ No. 79, in page 309, line 8, after 'debit' insert
'(in the case of an asset) or credit (in the case of a liability)'.
§ No. 80, in page 310, line 4, leave out paragraph 10 and insert—
'10 Omit section 92A of that Act (convertible securities etc: debtor relationships).'.
§ No. 81, in page 311, line 11, after 'instruments' insert `or equity instruments'.
§ No. 82, in page 322, line 1, leave out from beginning to 'derive' in line 10 and insert—
Power to make further provision by regulations
§ 17C (1) The Treasury may by regulations make provision—
- excluding amounts of a prescribed description from paragraph 17B(1);
- requiring amounts of a prescribed description that do not fall within paragraph 17B(1) (by virtue of regulations under paragraph (a) above or otherwise) to be brought into account in determining a company's profit or loss for a period in prescribed circumstances;
- (c) as to the manner in which any such amounts are to be brought into account.
§ (2) The regulations may (in particular) make provision by reference to the fact that amounts'.
§ No. 83, in page 322, line 16, leave out from beginning to end of line 18 and insert—
'() Regulations under this paragraph may apply, exclude or modify any of the provisions of this Schedule in relation to cases for which provision is made by the regulations.".'.
§ No. 84, in page 329, line 24, leave out paragraphs 77 and 78 and insert—
§ '77 For sections 92 to 94AB of the Finance Act 1993 (c. 34) (corporation tax: currency) substitute—
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cc871-3
- Corporation tax: currency 860 words c873
- Consequential amendments 192 words