Recent updates to the Corporate Finance Manual
Below are details of the amendments that were published on 6
June 2008 (see the
update index for all updates)
| Section | Details of update |
| CFM900 | Contact details updated |
| CFM09000 | Old masterfile – chapters deleted entirely and replaced by new masterfiles as listed below. |
| CFM9000 | Table of contents for Taxing Forex guidance: CFM9000 – CFM9830 has been extensively amended and updated: navigation changed to standard form and pop-up pages included in main body of chapters throughout. |
| CFM9005 | Introduction: new chapter incorporating introductory material on forex previously at CFM9000 – 9105. |
| CFM9100 | Definition of exchange gains: new chapter incorporating material previously at CFM9110 – 9120, and new guidance added on Exchange Gains and Losses using Fair Value Accounting Regulations. |
| CFM9200 | Basic rules: new chapter incorporating some material previously at CFM9200 – 9255, but omitting material already covered in Loan Relationships section of manual |
| CFM9220 | New summary of loan relationships and derivative contracts legislation referring specifically to exchange gains and losses. |
| CFM9300 | SSAP 20 matching: section of guidance dealing with forex matching re-titled to emphasise that it applies only to companies accounting under SSAP 20; minor updates to cross-refer to new guidance at CFM9400+ where appropriate. |
| CFM9305 | Reference to matching
under Disregard Regulations, and link to new guidance, inserted.
|
| CFM9320 | Prospective changes in accounting standards: page deleted as obsolete. |
| CFM9331 | Developments after 1993: reference to legislative developments from 1 January 2005 inserted. |
| CFM9345 | Bringing into account: structure of chapter converted to standard corporate manual format; pop-ups inserted into main text. |
| CFM9400 | Matching under Disregard Regulations: new chapter covering changes to forex matching applying from 1 January 2005 |
| CFM9800 | Special rules: standard table of contents inserted, and pop-ups incorporated into main text throughout chapter. |
| CFM9805 | Non arm’s length debt: updated for FA04 and FA07 changes, obsolete cross-reference to ITH changed. |
| CFM9810 | Interest treated as distribution: new guidance added on position after 1 April 2004 |
| CFM9815 | Debtor relationships – Sch 28AA applies: updated for changes to Sch 28AA ICTA88 made by FA 2004 |
| CFM9825 | Corresponding debtor relationship: reference to matching under the Disregard Regulations added, and new cross-reference to INTM guidance. |
| CFM9827 | Deemed loan relationship of guarantor: new guidance on change to FA96/SCH9/PARA11A made by FA 2007 |
| CFM9840 | Dual currency loans: new guidance at CFM9840 – 9850 on SI 2006/843. |
