The HMRC IAS 39 Working Group has issued further information for consultation on the changes to the accounting standard on financial instruments (IAS 39).
Discussion paper 3 invites comments, by 15 October 2010, on draft regulations which will amend the loan relationships and derivative contracts rules in CTA 2009 Parts 5 and 7 following the introduction of IFRS 9.
Regulation-making powers were provided in FA 2010 Sch 19 to enable the rules to be amended where there is a change in accounting standards that affects the accounting treatment of loan relationships or derivatives.
The HMRC IAS 39 Working Group has issued further information for consultation on the changes to the accounting standard on financial instruments (IAS 39).
Discussion paper 3 invites comments, by 15 October 2010, on draft regulations which will amend the loan relationships and derivative contracts rules in CTA 2009 Parts 5 and 7 following the introduction of IFRS 9.
Regulation-making powers were provided in FA 2010 Sch 19 to enable the rules to be amended where there is a change in accounting standards that affects the accounting treatment of loan relationships or derivatives.
