Accounting principles and practices

Accounts of a UK resident company, meaning

Adjustment of sterling losses

Carried-back amounts

Carried-forward amounts

Adoption of single European currency

Carried-back amount, meaning

Carried-forward amount, meaning

Chattel exemption

Company's functional currency, meaning

Controlled foreign companies

Exchange gains and losses

Financial instruments for managing currency risk

Forged, illegal import

Interpretation

Investment companies, functional currency

Derivative contracts

Generally

Loan relationships

Lloyd's underwriters

Loss carry-back

Adjustment of certain sterling losses

Carried-back amount, meaning

Computation in currency other than sterling

Conversion into sterling from another currency

Right of company to elect for alternative provisions to apply

Sterling equivalent

Loss carry-forward

Carried-forward amount, meaning

Computation in currency other than sterling

Conversion into sterling from another currency

Profit against which carried-forward amount to be set off, meaning

National, conversion rates

Non-resident companies preparing accounts in currency other than sterling

Profit against which carried-forward amount to be set off, meaning

Tax calculation currency of a company, meaning

Transactions, exemption

Translation of amounts into other currencies

Appropriate exchange rate, method of determination

Loss carry-back, conversion into sterling from another currency

Loss carry-forward, conversion into sterling from another currency

Non-sterling currency into sterling

UK resident companies

Basic rule, sterling to be used

Disposals of ships/aircraft or shares

Operating in currency other than sterling and preparing accounts in another currency

Operating in sterling and preparing accounts in another currency

Preparation of accounts in another currency