Updates: Corporate Finance Manual
2024
Group-interest: ANGIE: pre-commencement expenditure
New hyperlink to CFM51095 added
Interest restriction: related parties: overview
Formatting updated.
Interest restriction: related parties: general rule
Formatting updated.
Incorrect formatting & one word removed.
Formatting updated.
Example 2 updated
Derivative Contracts: Non-UK resident companies starting to carry on a UK property business
New section added - Where an election has been made into the Disregard Regulation.
Interest restriction: joint ventures: overview
New sentence added to Group-interest and Group-EBITDA section
New paragraph added at the bottom of example 1
Interest restriction: public infrastructure: limited recourse of financial instruments
New example 2 added
New paragraph added at the end of the page.
second to last paragraph updated.
Interest restriction: administration
Short title updated for CFM99200
Foreign exchange: accounts drawn up in a foreign currency: designated currency election: conditions
Condition B paragraph updated.
Hyperlink updated.
Links to diagrams removed as they have not been uploaded.
Interest restriction: group-interest: QNGIE: equity notes
2nd paragraph updated
Interest restriction: related parties: debt restructuring
4th paragraph updated.
Interest restriction: public infrastructure: loans advanced through non-resident intermediaries
A paragraph under Intermediate non-UK Companies updated
Interest restriction: administration: UK group company: disallowances for consenting companies.
Paragraph deleted
2023
Loan relationships: core rules: company ceasing to be party to a loan relationship
correct hyperlink inserted
Correct hyperlink inserted
Interest restriction: public infrastructure: loans advanced through non-resident intermediaries
Paragraph's 1, 7, 8 & 10 updated
Intermediate non-UK companies, paragraphs 4,5 & 7 amended
Link to hybrid capital instruments page removed as it is also under special cases.
update changes following review.
Interest restriction: alternative calculation
update changes following review
Interest restriction: alternative calculation: group-EBITDA (chargeable gains) election: overview
Update changes following review
Interest restriction: alternative calculation
update changes following review
Loan relationships: core rules: amounts not brought into account: contents
Creating contents
Loan relationships: core rules: contents
Adding nested pages
nesting pages
Links Added
Loan relationships: Core rules: Pre-2016 - key principles
Links Added
Links Added
Links Added
Loan relationships: computational rules: GAAP: following the accounts
Added Links
Loan relationships: core rules: pre-2016 rules: changes in accounting basis
Links Added
Link Added
Loan relationships: computational rules: amounts treated as interest
Page archived
Page archived
Loan relationships: core rules: contents
Links to CFM33040 archived
Links to CFM33122 archived
Amending contents to reflect page updates
Links to CMF33170 archived
Page archived
Amended reference
update changes following review.
Loan relationships: core rules: pre-2016 rules
Adding nesting pages for the old rules
Adding pages to subpage nest- editing purposes
Loan relationships: the matters and computational rules: GAAP: amounts in equity
Page archived
Interest restriction: administration: reporting requirements
update changes following review
Interest restriction: charities
update changes following review
update changes following review
Interest restriction: public infrastructure
update changes following review
Interest restriction: banking and insurance groups: insurance companies and groups
update changes following review
Interest restriction: charities: companies with exempt charitable trade profits
update changes following review
Interest restriction: charities
update changes following review.
Interest restriction: charities: companies with exempt property income
update changes following review.
update changes following review
Interest restriction: charities: group figures
update changes following review
Interest restriction: charities: example
update changes following review
Interest restriction: property and REITs: corporate non-resident landlords
update changes following review
Interest restriction: carry forward rules: interest allowance and new 'topco'
Update changes following review
Interest restriction: administration: reporting requirements: appointment by HMRC
update changes following review.
Interest restriction: administration: reporting requirements: revised returns and time limits
update changes following review
Interest restriction: administration: reporting requirements
Update changes following review
Interest restriction: administration: reporting requirements: revenue determinations
update changes following review.
Interest restriction: administration: enquiry procedure: normal time limits for opening an enquiry
update changes following review
Update changes following review
Interest restriction: tax-interest: implicit financing costs
Update changes following review
Update changes following review.
update changes following review
update changes following review.
Debt cap: statement of allocation: submission of revised statement
Update changes following review.
update changes following review.
update changes following review.
Interest restriction: tax-interest: tax-interest expense and income amounts
update changes following review.
Interest restriction: tax-interest: double taxation relief
Update changes following review
Interest restriction: tax-interest: certain payments made to charities
Update changes following review.
Interest restriction: group-interest: relevant income and expense amounts
update changes following review
Interest restriction: group-interest: adjusted net group-interest expense: overview
Update changes following review.
Interest restriction: group-interest: ANGIE
Update changes following review
update changes following review
Interest restriction: group-interest: QNGIE: equity notes
Update changes following review.
Update changes following review
Update changes following review
Interest restriction: public infrastructure: buildings within UK property business
Update changes following review.
Update changes following review.
Interest restriction: public infrastructure
update changes following review
Interest restriction: public infrastructure: partnerships and transparent entities
update changes following review.
update changes following review
Interest restriction: administration
update changes following review.
Interest restriction: related parties
update changes following review
Update changes following review
Interest restriction: alternative calculation
update changes following review
Update changes following review
update changes following review
Interest restriction: public infrastructure: the income test
update changes following review
Interest restriction: public infrastructure: the asset test
Update changes following review
Update changes following review.
Interest restriction: public infrastructure: guarantees, indemnities and financial assistance
Update changes following review.
Interest restriction: leasing: IFRS 16 examples
Update changes following review
Interest restriction: administration
update changes following review
Interest restriction: Interaction with other legislation
update change following review
Interest restriction: tax-interest: disregarded periods
update changes following review
Interest restriction: tax-EBITDA: Adjusted Corporation Tax Earnings
Updated changes following review.
Interest restriction: tax-EBITDA: disregarded periods
Update changes following review
Interest restriction: related parties
update changes following review
Interest restriction: related parties: debt restructuring
update change following review
Update changes following review
Interest restriction: carry forward rules: introduction
Update changes following review.
update changes following review
Interest restriction: carry forward rules: carry forward of interest disallowance
update changes following review.
Interest restriction: carry forward rules: excess debt cap and new 'topco'
Update changes following review
Update changes following review.
Update changes following review.
Short names updated
Loan relationships: tax avoidance: unallowable purpose: contents
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: approach to enquiries
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: overview
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: technical summary
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: the unallowable purpose condition
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: whose purpose?
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: burden of proof
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: interaction with other regimes
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: application: general
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: application: Hansard report
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: approach to enquiries
Guidance update
update changes following review
update changes following review
update changes following review
update changes following review
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: application: Hansard report
Guidance update
Loan relationships: tax avoidance: unallowable purpose: burden of proof
Guidance update
Guidance update
Guidance update
Loan relationships: tax avoidance: unallowable purpose: the unallowable purpose condition
Guidance update
Loan relationships: tax avoidance: unallowable purpose: overview
Guidance update
Loan relationships: tax avoidance: unallowable purpose: application: general
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: interaction with other regimes
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Loan relationships: tax avoidance: unallowable purpose: technical summary
HMRC have published expanded updated guidance on the ‘unallowable purpose’ rule at CFM38100 to CFM38200.
Interest restriction: group-EBITDA: derivative contracts
Update changes following review.
Interest restriction: group-interest: derivative contracts: overview
update changes following review.
Interest restriction: group-interest: derivative contracts: application of the Disregard Regulations
update changes following review.
Update changes following review
Derivative contracts: tax avoidance: transfer pricing and derivative contracts
updated following 2018 review
Derivative contracts: tax avoidance: transfer pricing and derivative contracts
updated following 2018 review
Interest restriction: group-EBITDA: capital (disposals) adjustment
update changes following review
Interest restriction: group-EBITDA: capital (disposals) adjustment
update changes following review.
Interest restriction: anti-avoidance: commencement and exceptions
update changes following review
Interest restriction: carry forward rules: excess debt cap
update changes following review.
Interest restriction: administration: reporting requirements: inclusion of estimates in return
Update changes following review.
Update changes following review.
Interest restriction: Tax-EBITDA: Intangibles
update changes following review
Interest restriction: tax-EBITDA: Land Remediation Relief
update changes following review
Interest restriction: related parties: general rule
update changes following review
Interest restriction: related parties: holdings of debt and equity in the same proportions
Update changes following review
update changes following review.
Update changes following review
Interest restriction: tax-interest: disregarded periods
update changes following review
Interest restriction: tax-EBITDA: disregarded periods
update changes following review
Interest restriction: tax-interest: relevant loan relationship amounts
update changes following review
update changes following review.
2022
Derivative contracts: underlying subject matter: contracts for differences examples
Corrected a publishing error
update changes following review.
Update changes following review.
Update changes following review.
update changes following review.
update changes following review.
update changes following review.
Update changes following review.
Add in further links following regulations changed
Update following regulations changed
Update following regulations changed
Foreign exchange: matching: derivative contracts used to hedge share transactions: excluded cases
Update changes following review.
Understanding corporate finance: raising finance: longer-term borrowing: Eurobonds
Update changes following review.
Understanding corporate finance: raising finance: longer-term borrowing: Eurobonds
Updated following review
Foreign exchange: matching: derivative contracts used to hedge share transactions: overview
Changing links to intranet version
Foreign exchange: matching: derivative contracts used to hedge share transactions: economic risk
Changed links to intranet version
Changed links to intranet version
Foreign exchange: matching: derivative contracts used to hedge share transactions: acquisitions
Changed links to intranet version
Changed links to intranet version
Changed links to intranet version
Foreign exchange: matching: derivative contracts used to hedge share transactions: excluded cases
Changed links to intranet version
Foreign exchange: matching: derivative contracts used to hedge share transactions: relevant amounts
Changed links to intranet version
typo correction
re-saving
Changed links to intranet version
Foreign exchange: matching: derivative contracts used to hedge share transactions: hedged item
Re-publishing
Re-publishing
Foreign exchange: matching: contents
Added a page CFM62900
Foreign exchange: matching: derivative contracts used to hedge share transactions: contents
Added guidance pages to contents page
Interest restriction: core rules: the group ratio method
reformatting tables for accessibility
Tables reformatted for accessibility reasons
Interest restriction: Tax-EBITDA: Intangibles
Table reformatter
Accounting for corporate finance: foreign exchange: SSAP 20: hedging using the cover method: example
Table removed and content converted to list for accessibility reasons
Tables removed and content replaced by single line of text showing calculation for accessibility reasons
Loan relationships: consortia companies and impairment: reduction in credits: apportionment
Tables removed and calculations now shown in text for accessibility reasons
Interest restriction: public infrastructure: interaction with the ‘de minimis’ provisions
Table reformatted for accessibility reasons
minor reformat
Loan relationships: consortia companies and impairment: carry forward of group relief
Table reformatted for accessibility reasons
Foreign exchange: accounts drawn up in a foreign currency: losses: amounts carried back
Page archived
Foreign exchange: accounts drawn up in a foreign currency: losses: amounts brought forward
Page archived as per manual owner request
Understanding corporate finance: derivatives: currency swap: example
table reformatted to add a heading and summary for accessibility reasons
minor reformatting to add header row and summary to table for accessibility
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
Corporate Finance Manual: recent changes
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Corporate Finance Manual: update index
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Corporate Finance Manual: recent changes
Page archived – Old legacy update page no longer required.
2021
Loan relationships: non-trading deficits: carry foward - Examples
Updated example 1
Understanding corporate finance: raising finance: longer-term borrowing: Eurobonds
update changes following review
Loan relationships: non-trading deficits: carry forward
Remove dated example
Derivative contracts: the matters and computational rules: expenses
Update following review
Updated following review
Foreign exchange: accounts drawn up in a foreign currency: Contents
Added a new page
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Foreign exchange: accounts drawn up in a foreign currency: capital allowances
Updated following review
Foreign exchange: accounts drawn up in a foreign currency: losses
Page no longer relevant.
Archive and unpublish
Foreign exchange: accounts drawn up in a foreign currency: losses: amounts carried back
Page no longer relevant. Archived and unpublished
Foreign exchange: accounts drawn up in a foreign currency: losses: amounts brought forward
Page no longer relevant. Archived and unpublished
Foreign exchange: accounts drawn up in a foreign currency: exchange rate to be used on translation
Page no longer relevant. Archived and unpublished
Foreign exchange: accounts drawn up in a foreign currency: capital gains
Updated following review
Accounts drawn up in a foreign currency: rate used for translation
Added a new page
Accounts drawn up in a foreign currency: rates used for translation: the basic rule
Updated following review
Modified page heading
Accounts drawn up in a foreign currency: FA 2009: the ‘appropriate exchange rate’
Page no longer relevant. Archived and unpublished
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Foreign exchange: accounts drawn up in a foreign currency: overview
Update following review
Understanding corporate finance: the legal and regulatory framework: overview
update changes following review
update changes following review
update changes following review
Understanding corporate finance: the legal and regulatory framework: overview
Update changes following review
New UK GAAP: FRS 105: financial instruments: derecognition
update changes following review
Accounting for corporate finance: Derivative contracts: what is a derivative financial instrument
update changes following review
New UK GAAP: FRS 102: impairment
update changes following review
update changes following review
New UK GAAP: FRS 102: transition
update changes following review
New UK GAAP: FRS 105: financial instruments: derecognition
update change following review
New UK GAAP: FRS 105: transition
update changes following review
update changes following review
New UK GAAP: FRS 102: classification of financial instruments
update changes following review
New UK GAAP: FRS 105: financial instruments: derecognition
update changes following review
Accounting for corporate finance: derivative contracts: introduction
update changes following review
Accounting for corporate finance: Derivative contracts: what is a derivative financial instrument
update changes following review
update changes following review
update changes following review
IFRS 9: measurement of financial assets and liabilities
update changes following review
IFRS 9: measurement of financial assets and liabilities: own credit risk
update changes following review
IFRS 9: reclassification of financial assets and liabilities
update changes following review
IFRS 9: measurement of financial assets: impairment
update changes following review
Interest restriction: administration: UK group company
Added a new page
Interest restriction: administration
Fixed table of content
Minor word change and added an additional example.
Updated following review
Interest restriction: administration
New page added to contents
2020
Loan relationships: non-trading deficits: pre-trading expenditure
Update for 2017 legislative change
Understanding corporate finance: derivatives: what is a derivative?
Minor wording change
Corrected a typo
Minor format change
Minor format change
Loan relationships: connected companies and impairment: basic rules
Updated following review
Loan relationships: connected companies and impairment: debtors
Updated following review
Loan relationships: connected companies and impairment: debtors: deemed releases of impaired debt
Updated following review
Updated following review
Page deleted
Updated following review
Page archived
Page deleted
Updated following review
Page moved
Page deleted
Updated following review
Update following review
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Updated following review
Interest restriction: tax-EBITDA
New page CFM95723 uploaded
Loan relationships: connected parties: late interest: Contents
New page added
Loan relationships: non-trading deficits: pre-trading expenditure
Added new content for non-resident companies carrying on a UK property business
update changes following review
update changes following review
Accounting for corporate finance: International Financial Reporting Standards: IAS 39: transition
update changes following review
Accounting for corporate finance: International Financial Reporting Standards: overview
update changes following review
update changes following review
update changes following review
update changes following review
Accounting for corporate finance: classification and measurement: accounting policy overview
update changes following review
update changes following review
Interest restriction: property and REITs: overview
Updated following review
Interest restriction: property and REITs
Added new page
Added new pages
Interest restriction: property and REITs: allocation of disallowances
Updated following review
Update following review
Updated following review
Interest restriction: property and REITs: REITs and the interest restriction return
Updated following review
Interest restriction: property and REITs: corporate non-resident landlords
Updated following review
Accounting for corporate finance: presentation: overview
update changes following review
update changes following review
Accounting for corporate finance: key concepts: amortised cost
update changes following review
Accounting for corporate finance: key concepts: overview
update change following review
update changes following review
Accounting for corporate finance: key concepts: financial instruments that are ‘outside the scope’
update changes following review
update changes following review
Accounting for corporate finance: key concepts: finance leases
update changes following review
Accounting for corporate finance: presentation: overview
update changes following review
Understanding corporate finance: regulatory capital: tiers of capital
Page archived
Page archived
Understanding corporate finance: the legal and regulatory framework: regulatory capital: ‘Basel II’
Page archived
Page Archived
Page Archived
Unpublish
Understanding corporate finance: regulatory capital: tiers of capital
Unpublish
Unpublish
Unpublish
Unpublish
Understanding corporate finance: the legal and regulatory framework: regulatory capital: ‘Basel II’
Page deleted following review. Move to Archive
Page deleted following review. Move to Archive
Loan relationships: non-trading deficits: claims for set-off against profits of an earlier period
Update following review
Update following review
Loan relationships: non-trading deficits: group relief
Update following review
Update following review
Update following review
Understanding corporate finance: the legal and regulatory framework: regulatory capital: ‘Basel II’
Page deleted following review. Move to Archive
Page deleted following review. Move to Archive
Loan relationships: taxing and relieving provisions: overview
Update following review
Loan relationships: non-trading profits and deficits
Update following review
Loan relationships: non-trading deficits: carry forward
Update following review
Loan relationships: non-trading deficits: carry foward - Examples
Update following review
Update following review
Loan relationships: non-trading deficits: claims for set-off against profits of the same period
Update following review
Understanding corporate finance: the legal and regulatory framework: the key legislation
Update following review
Page deleted following review. Move to Archive
Understanding corporate finance: the legal and regulatory framework: regulated entities: banks
Update following review
Update following review
Understanding corporate finance: the legal and regulatory framework: collective investments
Update following review
Understanding corporate finance: the legal and regulatory framework: regulatory capital
Update following review
Change following review
Loan relationships: hybrid capital instruments: tax provisions
Change following review
Loan relationships: hybrid capital instruments: tax rules - interaction with other rules
Change after review
Update following review
Loan relationships: connected parties: late interest: major interest
Update following review
Understanding corporate finance: raising finance: transferring debt by assignment or novation
Update following review
Understanding corporate finance: raising finance: restructuring debt
Change following review
Understanding corporate finance: raising finance: private equity investment and funding
Change following review
Change following review
Understanding corporate finance: raising finance: companies as investors
Change following review
Understanding corporate finance: raising finance: overview
Change following review
Understanding corporate finance: raising finance: debt finance
Change following review
Understanding corporate finance: foreign exchange: fixed exchange rates
Change following review
Understanding corporate finance: foreign exchange: floating exchange rates
Update following review
change following review
Understanding corporate finance: foreign exchange: interest rate parity
Change following review
Loan relationships: connected parties: late interest: when is interest brought into account?
Update for FA15
Loan relationships: connected parties: late interest: lenders outside the loan relationships rules
Update following review
Loan relationships: connected parties: late interest: the four cases
Update following review
Loan relationships: connected parties: late interest: participation
Update following review
Introduction to the Corporate Finance Manual: what is in the Corporate Finance Manual?
Added new paragraphs on Debt cap and CIR
Understanding corporate finance: raising finance: issuing shares
Updated the first section
Page Archived, contents moved to CFM39090
Page Archived, contents moved to CFM39091
Page Archived, contents moved to CFM39091
Page Archived, contents moved to CFM39092
Page Archived, contents moved to CFM39092
Page Archived, contents moved to CFM39093
Page Archived, contents moved to CFM39093
Loan relationships: tax avoidance: other rules
Guidance update pages added
Loan relationships: ‘hybrid’ securities with embedded derivatives: contents
Page structure amended
Loan relationships: ‘hybrid’ securities: overview
Guidance update
Loan relationships: ‘hybrid’ securities: what is a ‘hybrid security’?
guidance update
guidance update
guidance update
guidance update
guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Loan relationships: 'hybrid' securities with embedded derivatives: electing for bifurcation
Guidance update
Add a paragraph to explain legislative changes
Add a paragraph to explain legislative change
Added a paragraph to explain the legislative change
2019
Guidance update
Guidance update
Other tax rules on corporate finance: securitisation: contents
new page uploaded CFM72675
Updating for FA15 changes
Changes to reflect accounting changes
Guidance update
Guidance update
Guidance update
guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Guidance update
Loan relationships: computational rules: company ceasing to be subject to CT
guidance update
Guidance update
Loan relationships: core rules: contents
Guidance update
Loan relationships: the matters and computational rules: GAAP: amounts in equity
link update
Other tax rules on corporate finance: change of accounting basis: ‘post-cessation’ gains and losses
Update for changes in policy
Other tax rules on corporate finance: change of accounting basis: secondary legislation
Update for changes in policy
Update for changes in policy
Other tax rules on corporate finance: change of accounting basis: the COAP Regs: spreading rules
Update for changes in policy
Other tax rules on corporate finance: Change of accounting basis: amounts excluded
Update for changes in policy
Other tax rules on corporate finance: Change of accounting basis: Contents
Add new subpages
Loan relationships: the matters and computational rules: amounts not brought into account
Fix hyperlinks
Other tax rules on corporate finance: change of accounting basis: overview
Update for changes in policy
Other tax rules on corporate finance: change of accounting basis: bringing amounts into account
Update for changes in policy
No longer need the page due to changes in policy
Update for changes in policy
Other tax rules on corporate finance: bank and building society dormant accounts
Modified the "What the bank or building society does" section
Deleted the "What the bank or building society does: UK GAAP post FRS26 and IFRS" section
Deleted some out of date content
Loan relationships: the matters and computational rules: GAAP: amounts in equity
Added section for "Accounting periods beginning on or after 1 January 2016"
Loan relationships: core rules: contents
Added new manual pages
Loan relationships: the matters and computational rules: amounts not brought into account
Deleted out of date sections
Loan relationships: group continuity: overview
Section added for transfer to group companies in EEA member states
Derivative contracts: group continuity: conditions
Section added for transfer to group companies in European Economic Area (EEA) member states
Loan relationships: hybrid capital instruments: contents
content owner requested to unpublish
Loan relationships: hybrid capital instruments: overview
content owner requested to unpublish
Loan relationships: hybrid capital instruments: glossary
content owner requested to unpublish
Loan relationships: hybrid capital instruments: tax provisions
content owner requested to unpublish
Loan relationships: hybrid capital instruments: transitional provisions
content owner requested to unpublish
content owner requested to unpublish
unpublished at content owner's request
Other tax rules on corporate finance: layout of the guidance
content combined with CFM70010
Other tax rules on corporate finance: overview and layout of the guidance
updated following 2019 review, CFM70020 content merged here.
Loan relationships: taxing and relieving provisions: contents
new page added
Loan relationships: non-trading deficits: carry foward - Examples
new pages added
Loan relationships: hybrid capital instruments: contents
content owner requested to unpublish
Loan relationships: hybrid capital instruments: overview
content owner requested to unpublish
Loan relationships: hybrid capital instruments: glossary
content owner requested to unpublish
Loan relationships: hybrid capital instruments: tax provisions
content owner requested to unpublish
Loan relationships: hybrid capital instruments: transitional provisions
content owner requested to unpublish
content owner requested to unpublish
unpublished at content owner's request
new pages added
Loan relationships: hybrid capital instruments: tax rules - interaction with other rules
missing text inserted
Loan relationships: connected companies: contents
new page added
Accounting for corporate finance: derivative contracts: introduction
updated following 2019 review
Accounting for corporate finance: Derivative contracts: what is a derivative financial instrument
updated following 2019 review
Accounting for corporate finance: derivative contracts: examples of derivatives
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: Old UK GAAP excluding FRS 26 lenders: accounting standards
removed link
updated following 2019 review
New UK GAAP: FRS 102: history of FRS 102
updated following 2019 review
New UK GAAP: FRS 102: financial instruments: overview
updated following 2019 review
New UK GAAP: FRS 102: classification of financial instruments
updated following 2019 review
New UK GAAP: FRS 102: measurement of basic financial instruments
updated following 2019 review
New UK GAAP: FRS 102: measurement of basic financial instruments: amortised cost
updated following 2019 review
New UK GAAP: FRS 102: measurement of other financial instruments: measurement
updated following 2019 review
New UK GAAP: FRS 102: impairment
updated following 2019 review
New UK GAAP: FRS 102: impairment: example
updated following 2019 review
New UK GAAP: FRS 102: impairment: accounting treatment
updated following 2019 review
New UK GAAP: FRS 102: recognition and derecognition of financial instruments
updated following 2019 review
New UK GAAP: FRS 102: derecognition of financial assets
updated following 2019 review
New UK GAAP: FRS 102: derecognition of financial liabilities
updated following 2019 review
New UK GAAP: FRS 102: financial assets and liabilities denominated in a foreign currency
updated following 2019 review
New UK GAAP: FRS 102: transition
updated following 2019 review
new pages added
contents updated following 2019 review
Accounting for corporate finance: International Financial Reporting Standards: overview
updated following 2019 review
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: International Financial Reporting Standards: the scope of IAS 39
updated following 2019 review
Accounting for corporate finance: International Financial Reporting Standards: IAS 39: overview
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: International Financial Reporting Standards: IAS 39: transition
updated following 2019 review
Glossary to the Corporate Finance Manual
FRS, SSAP and UITF definitions added
Accounting for corporate finance: overview of guidance
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: New UK GAAP
updated following 2019 review
Accounting for corporate finance: Old UK GAAP
updated following 2019 review
Accounting for corporate finance: Accounting standards and groups of companies
updated following 2019 review
Accounting for corporate finance: key concepts: overview
updated following 2019 review
Accounting for corporate finance: key concepts: terms used in guidance
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: key concepts: financial instruments that are ‘outside the scope’
updated following 2019 review
Accounting for corporate finance: key concepts: finance leases
updated following 2019 review
Accounting for corporate finance: key concepts: fair value
updated following 2019 review
Accounting for corporate finance: key concepts: amortised cost
updated following 2019 review
Accounting for corporate finance: presentation: overview
updated following 2019 review
Accounting for corporate finance: liability and equity: overview
updated following 2019 review
Accounting for corporate finance: liability and equity: derivatives classified as equity
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: liability and equity: example
updated following 2019 review
Accounting for corporate finance: contents
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: key concepts: contents
updated following 2019 review
Accounting for corporate finance: presentation: contents
updated following 2019 review
Accounting for corporate finance: offsetting
updated following 2019 review
updated following 2019 review
Accounting for corporate finance: classification and measurement
page added following 2019 review
Loan relationships: consortia companies and impairment: overview
Guidance update
Loan relationships: consortia companies and impairment: how the restriction works
Guidance update
Loan relationships: consortia companies and impairment: how the restriction works: example
Guidance update
Loan relationships: consortia companies and impairment: amount of restriction
Guidance update
Loan relationships: consortia companies and impairment: amount of restriction: example
Guidance update
Guidance update
Loan relationships: consortia companies and impairment: reduction in credits
Guidance update
Guidance update
Loan relationships: consortia companies and impairment: reduction in credits: apportionment
Guidance update
Guidance update
Loan relationships: consortia companies and impairment: carry forward of group relief
Guidance update
Loan relationships: tax avoidance: overview: unallowable purpose and non-arm’s length transactions
Guidance update
Loan relationships: tax avoidance: overview: other anti-avoidance rules
Guidance update
Loan relationships: tax avoidance: unallowable purpose: the unallowable purpose condition
Guidance update
Loan relationships: tax avoidance: transactions not at arm’s length: contents
Guidance update
Guidance update
Loan relationships: market value rule: overview
Guidance update
Guidance update
Guidance update
Loan relationships: tax avoidance: overview of other anti-avoidance rules
Guidance update
Loan relationships: tax avoidance: artificial payments of interest
Guidance update
Loan relationships: tax avoidance: artificial payments of interest: sole or main benefit
Guidance update
Loan relationships: tax avoidance: connected parties deriving benefit from creditor relationships
Guidance update
Guidance update
Loan relationships: tax avoidance: reset bonds: introduction
Guidance update
Guidance update
Loan relationships: tax avoidance: reset bonds: mirror bond scheme
Guidance update
Loan relationships: tax avoidance: reset bonds: change of ownership scheme
Guidance update
Loan relationships: tax avoidance: reset bonds: use fair value basis
Guidance update
Loan relationships: tax avoidance: consideration not fully recognised by accounting practice
Guidance update
Loan relationships: tax avoidance: index-linked gilt-edged securities: introduction
Guidance update
Loan relationships: tax avoidance: index-linked gilt-edged securities: conditions
Guidance update
Guidance update
Loan relationships: tax avoidance: meaning of tax avoidance arrangements
Guidance update
Loan relationships: tax avoidance: no debits for derecognition
Guidance update
Loan relationships: tax avoidance: commencement
Guidance update
Interest restriction: groups, periods and financial statements: the worldwide group: Overview
Updated.
Grammar
Interest restriction: groups, periods and financial statements: the period of account: overview
Tidy up.
Changes made to the example
Updated example section
Interest restriction: public infrastructure: qualifying old loan relationship
grammar changes
Interest restriction: leasing: overview
added further information
Interest restriction: leasing: IFRS 16 examples
more information added
updated following 2019 review
Holders of convertible or share-linked securities: conditions for CTA09/S645 to apply
updated following 2019 review
Holders of convertible or share-linked securities: tax consequences where CTA09/S645 applies
updated following 2019 review
Holders of convertible or share-linked securities: pre 1 January 2005 convertibles
updated following 2019 review
Holders of convertible or share-linked securities: convertibles where CTA09/S645 does not apply
updated following 2019 review
Holders of convertible or share-linked securities: embedded derivatives which are options: example
updated following 2019 review
Holders of convertible or share-linked securities: conversion of securities: example
updated following 2019 review
Holders of convertible or share-linked securities: events treated as disposal of security: examples
updated following 2019 review
Holders of convertible or share-linked securities: share-linked securities
updated following 2019 review
Holders of convertible or share-linked securities: 'exactly tracking' CFDs: examples
updated following 2019 review
Holders of convertible or share-linked securities: tax treatment of share-linked securities: example
updated following 2019 review
Derivative contracts: holders of convertible or share-linked securities: contents
updated following 2019 review
updated following 2019 review
Derivative contracts: issuers of convertible or share-linked securities: introduction
updated following 2019 review
Derivative contracts: issuers of convertible or share-linked securities: non-standard convertibles
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Derivative contracts: issuers of convertible or share-linked securities: securities containing CFDs
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Derivative contracts: tax avoidance: overview of anti-avoidance rules
updated following 2019 review
Derivative contracts: tax avoidance: derivative contracts with non-residents
updated following 2019 review
Derivative contracts: hedging: introduction
updated following 2019 review
Derivative contracts: hedging: historical overview
updated following 2019 review
Derivative contracts: hedging: change in election approach
updated following 2019 review
Derivative contracts: hedging: hedging relationship
updated following 2019 review
Derivative contracts: hedging: hedging relationship: intention
updated following 2019 review
Derivative contracts: hedging: hedging relationship: HMRC enquiries
updated following 2019 review
Derivative contracts: hedging: default approach
updated following 2019 review
Derivative contracts: hedging: regulation 9A
updated following 2019 review
Derivative contracts: hedging: regulation 9A treatment: example
updated following 2019 review
Derivative contracts: hedging: regulation 7
updated following 2019 review
Derivative contracts: hedging: regulation 9: hedge of interest rate risk: example
updated following 2019 review
Derivative contracts: hedging: regulation 9: just and reasonable adjustments: example
updated following 2019 review
Derivative contracts: hedging: electing into the Disregard Regulations
updated following 2019 review
Derivative contracts: hedging: regulations 6B-6D: transfers within groups
updated following 2019 review
Derivative contracts: hedging: regulations 6B-6D: transfers within groups: example
updated following 2019 review
Other tax rules on corporate debt: transfers of income streams: the legislation
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Foreign exchange: tax rules on exchange gains and losses: how the legislation has developed
updated following 2019 review
Foreign exchange: tax rules on exchange gains and losses: what are exchange gains or losses?
updated following 2019 review
Foreign exchange: tax rules on exchange gains and losses: examples of exchange gains and losses
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Foreign exchange: tax rules on exchange gains and losses: giving effect to exchange differences
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Derivative contracts: relevant contracts: overview
updated following 2019 review
updated following 2019 review
updated following 2019 review
Derivative contracts: relevant contracts: meaning of contract
updated following 2019 review
Derivative contracts: relevant contracts: options
updated following 2019 review
Derivative contracts: relevant contracts: options: examples
updated following 2019 review
Derivative contracts: relevant contracts: futures: examples
updated following 2019 review
Derivative contracts: relevant contracts: contracts for differences
updated following 2018 review
Derivative contracts: relevant contracts: hybrid derivatives with embedded derivatives
updated following 2019 review
Derivative contracts: relevant contracts: loan relationships with embedded derivatives
updated following 2019 review
Derivative contracts: relevant contracts: other contracts with embedded derivatives
updated following 2019 review
Derivative contracts: underlying subject matter: introduction
updated following 2019 review
Derivative contracts: underlying subject matter: futures and options
updated following 2019 review
Derivative contracts: underlying subject matter: futures and options examples
updated following 2019 review
Derivative contracts: underlying subject matter: contracts for differences
updated following 2019 review
Derivative contracts: underlying subject matter: contracts for differences examples
updated following 2019 review
Derivative contracts: underlying subject matter: subordinate or small value: example
updated following 2019 review
Derivative contracts: underlying subject matter: contents
updated following 2019 review
Derivative contracts: the matters and computational rules: contents
updated following 2019 review
Derivative contracts: the matters and computational rules: position before changes made by F(2)A15
updated following 2019 review
Derivative contracts: the matters and computational rules: how amounts are taxed
updated following 2019 review
Derivative contracts: the matters and computational rules: basic computational rule
updated following 2019 review
Derivative contracts: the matters and computational rules: related transactions
updated following 2019 review
Derivative contracts: the matters and computational rules: GAAP
updated following 2019 review
Derivative contracts: the matters and computational rules: non GAAP compliant accounts
updated following 2019 review
Derivative contracts: the matters and computational rules: exchange gains and losses
updated following 2019 review
Derivative contracts: the matters and computational rules: disregarding credits and debits
updated following 2019 review
Derivative contracts: the matters and computational rules: exceptions from the basic rules
updated following 2019 review
Derivative contracts: the matters and computational rules: changes of accounting policy
updated following 2019 review
Derivative contracts: the matters and computational rules: capitalised amounts
updated following 2019 review
Derivative contracts: the matters and computational rules: statutory insolvency arrangements
updated following 2019 review
Derivative contracts: the matters and computational rules: trading or non-trading?
updated following 2018 review
Derivative contracts: the matters and computational rules: 'fairly represents'
updated following 2019 review
Derivative contracts: the matters and computational rules: expenses
updated following 2019 review
Derivative contracts: the matters and computational rules: mandatory fair value accounting
updated following 2019 review
Derivative contracts: the matters and computational rules: credits and debits in equity
updated following 2019 review
Derivative contracts: departures from accounts: contents
pages updated and moved into CFM 51000 contents
Derivative contracts: embedded derivatives: introduction
updated following 2019 review
Derivative contracts: embedded derivatives: derivatives in non loan relationships
updated following 2019 review
Derivative contracts: embedded derivatives: tax treatment under S616
updated following 2019 review
Derivative contracts: embedded derivatives: example of S616
updated following 2019 review
Derivative contracts: embedded derivatives: hybrid derivatives
updated following 2019 review
Derivative contracts: embedded derivatives: elections out of S616
updated following 2019 review
Derivative contracts: embedded derivatives: rules for groups
updated following 2019 review
Derivative contracts: embedded derivatives: prepaid equity forwards
updated following 2019 review
Derivative contracts: embedded derivatives: index-linked gilts
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: overview
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: chargeable gains basis (S641)
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: carry back of losses
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: carry back of losses: computation
updated following 2019 review
Derivative contracts: chargeable gains on derivates: S641 treatment: examples
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: carry back of losses: examples
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: land or tangible moveable property (S643)
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: land or tangible moveable property: example
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: property based total return swaps (S650)
updated following 2019 review
updated following 2019 review
Derivative contracts: chargeable gains on derivatives: property based total return swaps: example
updated following 2019 review
updated following 2019 review
Derivative contracts: introduction: overview of regime
updated following 2019 review
Derivative contracts: introduction: scope
updated following 2019 review
Derivative contracts: introduction: how profits and losses are charged
updated following 2019 review
Derivative contracts: introduction: fundamental rules
updated following 2019 review
Derivative contracts: introduction: priority rules
updated following 2019 review
Derivative contracts: introduction: contracts outside of Part 7
updated following 2019 review
Derivative contracts: introduction: Tax Bulletin 66 (Sept 2003)
updated following 2019 review
Derivative contracts: accounting conditions: introduction
updated following 2019 review
Derivative contracts: accounting conditions: main accounting requirement
updated following 2019 review
updated following 2019 review
Derivative contracts: accounting conditions: meaning of derivative
updated following 2019 review
Derivative contracts: accounting conditions: commodity contracts
updated following 2019 review
Derivative contracts: accounting conditions: commodity contracts: example
updated following 2019 review
Derivative contracts: accounting conditions: meaning of commodity
updated following 2019 review
Derivative contracts: accounting conditions: contracts for differences
updated following 2019 review
Derivative contracts: accounting conditions: alternative accounting requirement
updated following 2019 review
Derivative contracts: accounting conditions: contents
updated following 2019 review
Loan relationships: what are loan relationships: meaning of loan relationship
updated following 2019 review
Loan relationships: what are loan relationships: meaning of money debt
updated following 2019 review
Loan relationships: what are loan relatonships: the meaning of debt
updated following 2019 review
Loan relationships: what are loan relationships: do they arise from the lending of money?
updated following 2019 review
updated following 2018 review
Loan relationships: what are loan relationships: exclusion of rights conferred by shares
updated following 2019 review
Loan relationships: what are loan relationships: guarantees and loan relationships
updated following 2019 review
Loan relationships: what are loan relationships: guarantees and loan relationships - example
updated following 2019 review
Loan relationships: what are loan relationships: contents
updated following 2019 review
Loan relationships: related transactions
replacement pages inserted earlier in this chapter
Loan relationships: related transactions: transferring debt
replacement pages inserted earlier in this chapter
Loan relationships: related transactions: extinguishing debt
replacement pages inserted earlier in this chapter
Loan relationships: tax avoidance: Contents
new guidance relating to LR RAAR
new guidance relating to LR RAAR
Loan relationships: tax avoidance: regime anti-avoidance rule
new guidance relating to LR RAAR
Interest restriction: Tax-EBITDA: Intangibles
Updated to remove cfm reference from the title
Deemed loan relationships: alternative finance: 'financial institution'
updated following review
updated following review
updated following review
Deemed loan relationships: alternative finance: transitional rules
updated following review
updated following review
updated following review
Deemed loan relationships: alternative finance: other tax rules: distributions
updated following review
Deemed loan relationships: alternative finance: other tax rules: deduction of tax
updated following review
updated following review
Derivative contracts: hedging: contents
updated following review
Derivative contracts: hedging: regulations 6B-6D: transfers within groups
updated following review
CFM95110 Interest restriction: Overview: Introduction
updated following 2019 review
Interest restriction: groups, periods and financial statements: the worldwide group: Overview
updated following 2019 review
Interest restriction: group-interest: net group-interest expense: overview
updated following 2019 review
Interest restriction: group-interest: ANGIE: capitalised interest
updated following 2019 review
Interest restriction: group-interest: ANGIE: debt restructuring in insolvency
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
updated following 2019 review
Interest restriction: charities: example
missing para added
new charities guidance added
Interest restriction: charities
adding new charities CIR guidance pages
Understanding corporate finance: derivatives: overview
Guidance update
Understanding corporate finance: derivatives: what is a derivative?
Guidance update
Understanding corporate finance: derivatives: the underlying
Guidance update
guidance update
Understanding corporate finance: derivatives: settlement
Guidance updated
Understanding corporate finance: derivatives: exchange-traded and ‘over-the-counter’ products
Guidance update
Guidance update
Understanding corporate finance: derivative: exchange-traded contracts
Guidance update
Understanding corporate finance: derivatives: margin payments on exchange-traded contracts
Guidance update
Understanding corporate finance: derivative: ‘over-the-counter’ contracts
Guidance update
Understanding corporate finance: derivatives: documentation
Guidance update
Understanding corporate finance: derivatives: documentation: the ISDA Master Agreement
Guidance update
Understanding corporate finance: derivatives: types of derivative
Guidance update
Understanding corporate finance: derivatives: types of derivative: regulatory definitions
Guidance update
Guidance update
Understanding corporate finance: derivatives: forward contracts
Guidance update
Understanding corporate finance: derivatives: forward rate agreements
Guidance update
Understanding corporate finance: derivatives: futures
Guidance update
Understanding corporate finance: derivatives: futures: example of a commodity future
Guidance update
Understanding corporate finance: derivatives: futures: example of a weather future
Guidance update
Understanding corporate finance: derivatives: options
Guidance update
Understanding corporate finance: derivative contracts: warrants
Guidance update
Understanding corporate finance: derivatives: swaps
Guidance update
Understanding corporate finance: derivatives: swaps: example of a swap
Guidance update
Guidance update
Understanding corporate finance: derivatives: types of derivative: other sorts of swap
Guidance update
Understanding corporate finance: derivatives: exotic derivatives
Guidance update
Understanding corporate finance: derivatives: using derivatives to manage risk
Guidance update
Understanding corporate finance: derivatives: interest rate risk
Guidance update
Understanding corporate finance: derivatives: interest rate futures and forwards
Guidance update
Understanding corporate finance: derivatives: interest Forward Rate Agreement
Guidance update
Understanding corporate finance: derivatives: interest rate future
Guidance update
Understanding corporate finance: derivatives: interest rate swaps
Guidance update
Understanding corporate finance: derivatives: interest rate options
Guidance update
Understanding corporate finance: derivatives: interest rate caps and floors
Guidance update
Understanding corporate finance: derivatives: interest rate collars
Guidance update
Understanding corporate finance: derivatives: credit risk
Guidance update
Understanding corporate finance: derivatives: credit default swaps
Guidance update
Guidance update
Understanding corporate finance: derivatives: foreign exchange risk
Guidance update
Understanding corporate finance: derivatives: hedging foreign exchange risk
Guidance update
Understanding corporate finance: derivatives: currency option
Guidance update
Understanding corporate finance: derivatives: currency swaps and FX swaps
Guidance update
Understanding corporate finance: derivatives: currency swap: example
Guidance update
Understanding corporate finance: derivatives: commodity risk
Guidance update
Understanding corporate finance: derivatives: investment risk
Guidance update
Understanding corporate finance: derivatives: investment risk hedging
Guidance update
Amended following Finance Act 2019
Amendments following FA 2019.
Understanding corporate finance: raising finance: overview
Guidance update
guidance update
Understanding corporate finance: raising finance: issuing shares
Guidance update
Understanding corporate finance: raising finance: debt finance
Guidance update
Understanding corporate finance: raising finance: short-term borrowing
Guidance update
Understanding corporate finance: raising finance: longer-term borrowing
Guidance update
Understanding corporate finance: raising finance: longer-term borrowing: Eurobonds
Guidance update
Understanding corporate finance: raising finance: the cost of borrowing: interest
Guidance update
Understanding corporate finance: raising finance: the cost of borrowing: discounts and premiums
Guidance update
Understanding corporate finance: raising finance: the cost of borrowing: hybrid debt
Guidance update
Understanding corporate finance: raising finance: debt securities
Guidance update
Understanding corporate finance: raising finance: securitisation
Guidance update
Understanding corporate finance: raising finance: reorganising debt
Guidance update
Understanding corporate finance: raising finance: transferring debt by assignment or novation
Guidance update
Understanding corporate finance: raising finance: restructuring debt
Guidance update
Understanding corporate finance: raising finance: private equity investment and funding
Guidance update
Understanding corporate finance: raising finance: companies as investors
Guidance update
Interest restriction: carry forward rules
Addition of two new CFM pages, CFM98245 and CFM98255.
Interest restriction: carry forward rules: excess debt cap and new 'topco'
Content inserted following Finance Act 2019.
Interest restriction: groups, periods and financial statements: the period of account: overview
updated following review
updated following review
Interest restriction: tax-interest: certain payments made to charities
updated following review
updated following review
New page added
reverting to pervious version of page
Page updated.
Page updated.
Page updated.
Page updated.
Page updated.
Page updated.
Page updated.
Page updated.
Page updated.
2018
Interest restriction: core rules: the group ratio method
Anchors removed. No change to text.
Interest restriction: core rules: special rules
Page republished. No change to text.
Page republished. No change to text
Interest restriction: tax-EBITDA: Adjusted Corporation Tax Earnings
recovery of page content
removed example ... to be returned when updated
Interest restriction: core rules
page added
Interest restriction: Banking and insurance groups
page added
Interest restriction: property and REITs
added page
Interest restriction: administration: penalties
page added
Interest restriction: property and REITs: REITs and the interest restriction return
updated title
added content
formatting change within page
formatting change on page
updated formatting
updated formatting
updated formatting
Interest restriction: administration: penalties: introduction to penalties for incorrect return
updated formatting
updated formatting
Interest restriction: administration: UK group company: relevant accounting period.
updated formatting
updated formatting
Interest restriction: tax-interest: overview
Publish on Gov.uk
Interest restriction: banking and insurance groups: insurance companies and groups
Pre-publishing correction to text
Interest restriction: group-interest: derivative contracts: overview
corrected bullet
Interest restriction: overview: structure of the legislation
links removed to correct formatting
link to pdf added temporarily
.
Interest restriction: Banking and insurance groups
updated contents
Interest restriction: property and REITs
updated contents
update contents
update contents
Interest restriction: anti-avoidance
create page
Interest restriction: carry forward rules
update contents
Interest restriction: commencement rules
update contents
updated contents
Interest restriction: joint ventures
updated title
Interest restriction: administration
contents added
Interest restriction: group-EBITDA
updated contents page
Interest restriction: joint ventures
update content pages
Interest restriction: core rules
updating contents
creation of contents page
create contents
Interest restriction: groups, periods and financial statements
added sub contents page
Debt cap: interaction with other rules: Contents
addition of new pages CFM93045, CFM 93055, CFM93060 following 2018 review
updated following 2018 review
Debt cap:interaction with other rules:Hybrid Mismatch
added following 2018 review
added following 2018 revieew
added following 2018 review
Debt cap: anti-avoidance rules: gateway: conditions for anti-avoidance rules to apply
updated following 2018 review
Debt cap: anti-avoidance rules: gateway: excluded schemes
Updated following 2018 review
Debt Cap: anti-avoidance rules: main rules: excluded schemes: de minimis amount
updated following 2018 review
Debt Cap: the available amount: subsidiaries that are not consolidated
new page content added following 2018 review
updated following 2018 review
Debt Cap: the available amount: partnerships
addition of new page content following 2018 review
Debt cap: available amount: contents
add new page to contents
page added following 2018 update
added page
Debt Cap: the available amount: employer asset-backed pension contribution mismatches
new page added following 2018 review
Debt cap: particular types of company: group treasury companies: treasury activities
updated following 2018 review
Debt cap: overview: background to the debt cap
Version following 2018 review
Debt cap: overview: international accounting standards
Version following 2018 review
Debt cap: overview: legislation
Version following 2018 review
Debt cap: overview: summary of the debt cap rules
Version following 2018 review
Debt cap: overview: commencement
Version following 2018 review
Debt cap: groups affected: relevant group companies
Version following 2018 review
Debt cap: groups affected: UK group companies
Version following 2018 review
Debt cap: overview: scope of the guidance
Updated following the 2018 CFM review
Version following 2018 review
Debt cap: overview: introduction
Version following 2018 review