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Loan relationships and derivative contracts: guidance

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HMRC published draft guidance on 4 April on changes to rules on amounts not fully recognised for accounting purposes. In the same guidance note they summarised the changes made in response to comments received on draft Finance Bill clauses published in December 2010.

The ‘significant’ changes made following consultation on draft legislation on group mismatch schemes are set out in a separate note, also published on 4 April.