Advance rental payments, profits from trade

Case Law – Tapemaze Ltd v Melluish (HM Inspector of Taxes). [2000] BTC 50

Animal grants and subsidies

Legislation/Regulatory – IRInt. 92

Authorised investment funds

Legislation/Regulatory – SI 2006/964 reg. 12

Barristers and advocates

Legislation/Regulatory – ITTOIA2005 s. 25(3), 160
HMRC Guidance – BIM51110 ; BIM51120 ; BIM70080 ; BIM70085

Cash basis/earnings basis for accounts

Case Law – Walker v O'Connor (HMIT) (1996) Sp C 74

Change of accounting basis/policy

– see Change of accounting basis

Commissioners for Revenue and Customs

Legislation/Regulatory – CRCA2005 s. 46

Companies

Accounting records

Legislation/Regulatory – CA2006 s. 386-389
HMRC Guidance – BIM31035 ; CH10200 ; CH11400

Accounting standards

Legislation/Regulatory – CA2006 s. 464
HMRC Guidance – BIM31020

Annual accounts

Legislation/Regulatory – CA2006 s. 393
HMRC Guidance – GIM2030

Directors' report

Legislation/Regulatory – CA2006 s. 415, 415A, 458

Individual accounts

Legislation/Regulatory – CA2006 s. 394-397
HMRC Guidance – COM130050 ; CTM93180

Medium-sized companies

Legislation/Regulatory – CA2006 s. 465-467

Subject to small companies regime

Legislation/Regulatory – CA2006 s. 381-384
HMRC Guidance – ESM10006

With investment business

Legislation/Regulatory – CTA2009 s. 1224-1227
HMRC Guidance – CTM08005 ; CTM08230 ; CTM08345 ; CTM08349 ; CTM08560

Computation of business profits rounded up to nearest £1,000

Legislation/Regulatory – SP 15/93

Currency to be used

– see Currency

Dealers in securities

Legislation/Regulatory – ITTOIA2005 s. 149

Derivative contracts

– see Derivative contracts

Discovery assessment, wrong accounting practice in drawing up accounts

Case Law – Smith [2010] TC 00403 ; Smith v Revenue and Customs Commissioners. [2011] BTC 1,742

Finance lease rental payments

Legislation/Regulatory – SP 3/91

Financial Reporting Standards

Leasing

Legislation/Regulatory – FA2011 s. 53
HMRC Guidance – CFM95190 ; CFM97810

Substance of transactions

Legislation/Regulatory – SP 3/91

Generally accepted accounting practice (GAAP)

Dealers in securities

Legislation/Regulatory – CTA2009 s. 128

Generally

Legislation/Regulatory – CTA2009 s. 46 ; ITA2007 s. 997
HMRC Guidance – BIM15040 ; BIM30510 ; BIM31005 ; BIM31035 ; BIM34020 ; BIM37020 ; BIM46905 ; BIM51510 ; BIM55130 ; BIM55140 ; BIM55155 ; BIM55160 ; BIM55195 ; BIM55200 ; BIM55205 ; BIM55225 ; BIM55230 ; BIM55235 ; BIM55240 ; BIM55245 ; BLM20215 ; BLM42015 ; CFM52540 ; CIRD99050 ; GIM8300

Leasing

Legislation/Regulatory – FA2011 s. 53
HMRC Guidance – CFM95190 ; CFM97810

Meaning and related expressions

Legislation/Regulatory – CTA2010 s. 1127 ; FA2011 s. 53(6) ; ITA2007 s. 997
HMRC Guidance – BIM37020 ; BLM20215 ; BLM42015 ; BLM70435 ; CFM45530 ; CFM50050 ; CFM51034 ; CFM51070 ; CFM72380 ; CFM72390 ; CFM73280 ; CFM90140 ; CFM90440 ; CFM90710 ; CFM90720 ; CFM95190 ; CFM97810 ; CFM99500 ; CIRD11070 ; CIRD11120 ; CIRD30020 ; CIRD30055 ; CIRD30065 ; INTM267798

Spreading of adjustment

Legislation/Regulatory – FA2006 Sch. 15

Trade profits

Legislation/Regulatory – ITTOIA2005 s. 25
HMRC Guidance – BIM15040 ; BIM31005 ; BIM31035 ; BIM34020 ; BIM37020 ; BIM39515 ; BIM39520 ; BIM46905 ; BIM51510 ; BIM55130 ; BIM55140 ; BIM55155 ; BIM55160 ; BIM55195 ; BIM55200 ; BIM55205 ; BIM55225 ; BIM55230 ; BIM55235 ; BIM55240 ; BIM55245 ; BIM70085 ; GIM8300

Groups of companies

Legislation/Regulatory – CTA2010 s. 996, Sch. 2, para. 101
HMRC Guidance – CIRD48040

International accounting standards (IAS)

Leasing

Legislation/Regulatory – FA2011 s. 53
HMRC Guidance – CFM95190 ; CFM97810

Research and development

Legislation/Regulatory – FA2004 s. 53
HMRC Guidance – CIRD81450 ; CIRD98400 ; CIRD98500

Investigations, expenses arising

Legislation/Regulatory – IRInt. 183 ; SP 16/91

Investment trusts, creditor relationships

Legislation/Regulatory – SI 2001/391

Leasing accounting standards

Legislation/Regulatory – FA2011 s. 53
HMRC Guidance – CFM95190 ; CFM97810

Loan relationships

– see Loan relationships

Offshore funds

Legislation/Regulatory – SI 2009/3001 reg. 59-61

Research and development

Legislation/Regulatory – FA2015 s. 27

Securitisation companies

Legislation/Regulatory – FA2005 s. 83 ; FA2006 s. 101(6)-(8) ; SI 2006/3296 reg. 13A ; SI 2007/3338 ; SI 2007/3402 reg. 6
HMRC Guidance – BKLM433100 ; CFM44260 ; CFM72100 ; CFM72200 ; CFM72210 ; CFM72220 ; CFM72250 ; CFM72260 ; CFM72270 ; CFM72320 ; CFM72330 ; CFM72360 ; CFM72370 ; CFM72390 ; CFM72610 ; CFM72620

Self-assessment enquiries, accountancy expenses arising

Legislation/Regulatory – IRInt. 183

Senior accounting officers of large companies

– see Senior accounting officers

Statements of Standard Accounting Practice

Leases and hire purchase contracts

Legislation/Regulatory – FA2011 s. 53
HMRC Guidance – CFM95190 ; CFM97810

Telecommunication rights

Legislation/Regulatory – ITTOIA2005 s. 148