Roger Muray Tax Partner Ernst & Young LLP explains how making an election before 1 April 2007 can simplify treasury tax compliance
This is the first of two articles dealing with elections that companies may make to simplify tax compliance. This article is relevant to companies that use swaps to hedge interest rate or foreign exchange risk.
Companies that have shares or debt listed on an EU stock exchange must draw up single entity accounts under 'new GAAP': that is IFRS or UK GAAP incorporating FRS 26 which is virtually identical to IAS 39. Parent companies of UK groups and their treasury company subsidiaries the most likely users of such swaps will normally be subject to this requirement. Application of the loan relationships or derivative contracts regime...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Roger Muray Tax Partner Ernst & Young LLP explains how making an election before 1 April 2007 can simplify treasury tax compliance
This is the first of two articles dealing with elections that companies may make to simplify tax compliance. This article is relevant to companies that use swaps to hedge interest rate or foreign exchange risk.
Companies that have shares or debt listed on an EU stock exchange must draw up single entity accounts under 'new GAAP': that is IFRS or UK GAAP incorporating FRS 26 which is virtually identical to IAS 39. Parent companies of UK groups and their treasury company subsidiaries the most likely users of such swaps will normally be subject to this requirement. Application of the loan relationships or derivative contracts regime...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
