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Deferred foreign exchange differences brought forward |
See Also
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule allows user to track their deferred foreign exchange differences if they have elected to bring them into account over six years. Any amount that was deferred on the foreign exchange schedule can be reversed out and entered in the Deferral brought forward column.
This schedule can be developed from the Loan relationships schedule
Any amounts deferred under the FA1993 foreign exchange rules can be tracked on this schedule by entry on the correct row (trade or nontrade) in the Deferral brought forward column. Any amount to be brought into account for tax purposes can be entered in the (taxable) in this period column and the corresponding amount will flow onto the relevant section of the Loan relationships schedule. A column has been made available for any other adjustments.
This schedule has no standard sub-schedules.
On carry forward, this schedule is automatically developed in the subsequent computation if it is present in the prior year computation. In the subsequent computation, the brought forward amounts are entered automatically.
© 2009 Thomson Reuters.