SCHEDULES
SCHEDULE 10Amendment of enactments that operate by reference to accounting practice
Part 2Derivative contracts
Special computational provisions
56
1
Paragraph 25 of that Schedule (debits and credits treated as relating to capital expenditure) is amended as follows.
2
In sub-paragraph (1) omit “given by an authorised accounting method”.
3
After sub-paragraph (3) add—
4
Where a debit is brought into account by a company in accordance with sub-paragraph (1), no debit shall be brought into account in respect of—
a
the writing down of so much of the value of the fixed capital asset or project as is attributable to that debit, or
b
so much of any amortisation or depreciation as represents a writing off of the interest component of the asset.