The following guidance relates to the position as it was before the amendments made by F(2)A15 and applies to company periods of account beginning before 1 January 2016.

Computational rules – where to find guidance relating to position before the F(2)A15 changes

This section of the guidance deals with the basic rules about how profits and losses on derivative contracts (including foreign exchange gains and losses) were computed and brought into account, before the changes made by F(2)A 2015.

This guidance does not cover the computational rules that applied in periods of account beginning before 1 January 2005 – see CFM84000 if you are looking at an earlier period.

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