search query: @indexterm Financial planning / total: 277
reference: 32 / 277
Author: | Nowlan, H. Beare, T. |
Title: | Foreign exchange gains and losses and financial instruments |
Journal: | European Taxation
1995 : APR, VOL. 35:4, p. 110-116 |
Index terms: | UNITED KINGDOM FOREIGN EXCHANGE FINANCIAL PLANNING |
Language: | eng |
Abstract: | We are nearly there at last! After a consultation process of several years, and several earlier abortive attempts at recasting these areas of tax law, UK companies now face, from the first day of accounting periods to commence after 22 March 1995, the new UK rules for Forex gains and losses, interest rate instruments and "local currency" taxation of trades. The system is embodied in countless sections in the 1993 and 1994 Finance Acts and the current Finance Bill, in numerous regulations and effectively in the most comprehensive body of new rules and regulations ever enacted in UK tax law, other than for the imposition of a completely new tax. |
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