Index - CFM500 - Corporate Finance home page
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Introduction to the Corporate Finance Manual
The Corporate Finance Manual is a comprehensive resource for anyone applying corporate finance legislation following FA 2002. For cases where the earlier rules apply, please refer to the Company Taxation Manual at CT12000 onwards.
Guidance
The guidance covers loan relationships, foreign exchange (FOREX) and derivative contracts. Each subject is considered from three different angles: business understanding, accountancy treatment and taxation. Loan relationships and derivative contracts aspects of collective investment schemes are dealt with separately. Further chapters deal with:
- An introduction to accounting for financial instruments under IAS 39 and IAS 32
- The tax consequences of first-time adoption of IAS 39 or FRS 26
- Commercial background to, and taxation of, repos and stock loans
- Other provisions relevant to corporate finance.
The legislation covered in the last two bullet points applies for income tax as well as corporation tax purposes, but is more likely to be encountered in the context of companies.
Contents
| Loan relationships
|
|
| CFM3000 | Loan relationships home page |
| CFM3100 | Understanding loan relationships |
| CFM4000 | Accounting for loan relationships |
| CFM5000 | Taxing loan relationships |
|
Forex | |
| CFM7000 | Forex home page |
| CFM7005 | Understanding forex |
| CFM8000 | Accounting for forex |
| CFM9000 | Taxing forex |
|
Derivative contracts |
|
| CFM11000 | Derivative contracts home page |
| CFM11005 | Understanding derivative contracts |
| CFM12000 | Accounting for derivative contracts |
| CFM13000 | Taxing derivative contracts |
|
Collective investment schemes |
|
| CFM14001 | Collective investment schemes |
|
International Accounting Standards (IAS) |
|
| CFM16000 | Accounting for financial instruments: IAS 32 and IAS 39 |
| CFM16500 | Transition to IAS |
| CFM16600 | Hybrid, convertible and share linked securities |
|
Other corporate finance topics |
|
| CFM17005 | Artificial payments of interest |
| CFM17030 | Funding bonds |
|
Repos, stock loans and manufactured payments |
|
| CFM17050 | Stock loans |
| CFM17150 | Repos: commercial background |
| CFM17200 | Repos: taxation |
| CFM17300 | Manufactured payments |
| CFM17360 | Manufactured overseas dividends |
| CFM17500 | Repos: FA2007 rules for companies |
|
Securitisations |
|
| CFM20000 | Securitisations overview |
Getting around
You can find your way around the guidance using the search tools and the menu bar. There is more information on the navigation page.
Links
The left-hand frame gives you access to the
legislation as introduced or amended by FA
2002, including
amendments made by subsequent Finance Acts.
If jargon puzzles you at any time, click on
glossary for definitions of
financial terms.
Click on
resources for details of
- how to contact the technical experts at CT & VAT (Financial and Insurance)
- links to useful intranet sites, such as that of the Revenue Accountants
- links to useful external sites, giving LIBOR rates
- learning modules (post FA 2002 and pre FA 2002).
Feedback
We would like your comments on this guidance.
Please send any
technical feedback to Lesley Hamilton at
CT&VAT Products and Processes.
