CFM900 - Resources
Useful resources and tools
Scroll down to see the resources available, or use the links
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About the Financial Products Team
Technical help
Intranet links
Internet links
Corporate finance Learning modules
About the Financial Products Team
The Financial Products Team (CT&VAT) deals with direct tax
including all technical aspects of the loan relationships and
derivative contracts legislation. They also deal with pre-FA 2002
forex and financial instruments; interest and annual payments
generally; deduction of tax; repos and stock loans; and the
question of whether a person is carrying on a financial trade.
If you need advice in connection with a marketed financial
avoidance scheme, or on the potential application of Paragraph 13
Schedule 9 FA 1996, you should contact Anti-Avoidance Group
(Investigation).
Technical help
Please follow the guidance on the CT&VAT intranet site on
when and how to seek advice. If, within those guidelines, you need
to get in touch, please phone
020 7147 2561.
Intranet links
The advice of a
Revenue accountant can be very important when
dealing with corporate finance. Their website, at
http://rfin.inrev.gov.uk/accts/index.htm, also has useful updates
on changes in accounting practice.
Large business service has a page containing
useful data, such as LIBOR and the Retail Price Index, at
http://lbo.inrev.gov.uk/lbs_library/content/reference_material/useful_financial_rates.htm
Exchange rate tables giving exchange rates for most
currencies at 31 December and 31 March, and yearly averages, are
available at http://www.hmrc.gov.uk/exrate/index.htm.
Internet links
Here are some useful financial sites. You may not be able to
access these from your own computer if you do not have personal
Internet access. However, most offices do have at least one
computer with Internet access and you can visit the sites by
entering the details given below.
www.bba.org.uk - British Bankers Association site has tables
of daily LIBOR (sterling, US dollar, Euro, Yen and Australian
dollar).
www.bankofengland.co.uk - all sorts of statistical
information on interest and exchange rates. But users need to
ensure that they understand what they're looking at and read all
the relevant notes.
www.liffe.com - London International Financial Futures and
Options Exchange; background information on futures and options
trading, and contract specifications for all futures and options
currently traded on LIFFE.
www.isda.org - International Swaps and Derivatives
Association Inc; text of ISDA Master Agreements and other standard
documentation can be downloaded.
Corporate Finance Learning modules
The Corporate Finance Study Programme was developed by
CT&VAT, in collaboration with IR Learning. Covering the
legislation before FA 2002, it contains two courses
Corporate finance - all business segments
introduces the corporate finance legislation and then concentrates
on loan relationships. This may be all that you need if you deal
only with companies in the small to medium business segments.
Corporate finance - large and very large segments
goes on to look in more detail at the rules on financial
instruments and on foreign exchange.
These courses have been extensively revised to cover the post
FA2002 legislation. If you need to refresh your memory of the pre
FA2002 provisions, you can still access the old courses.
Each course offers a series of easy to use, interactive
modules that complement Departmental guidance. The modules provide
the basic information on the legislation, and examples and
activities that illustrate how to apply it. They are freely
available on the intranet and you can study or refer to them
whenever you wish.
To complete each course and consolidate your knowledge, you
can then choose to do work- related case studies with the help of
an online tutor. You have to register for this part of each course,
but it is free to you for the rest of this year, funded by
CT&VAT.
To view the courses, go to the online course on Online
Learning in the Learning section of My Workplace.
