Related HMRC Manuals

620(1)  The credits and debits to be brought into account under section 619(3) are to be determined separately for each company partner as follows.

620(2)  The contract entered into or acquired by the firm is treated as if it were instead entered into or acquired by the company partner for the purposes of the trade or business which the company partner carries on.

620(3)  Anything done by or in relation to the firm in connection with the contract is treated as done by or in relation to the company partner.

620(4)  So far as exchange gains or losses arising from the contract are recognised in the firm's–

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.