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Crossheading Adjustments of underlying profits

From legislation.gov.uk

Contents

  1. Section 138 Profits adjusted to be before tax
  2. Section 139 Profits adjusted to be profits before consolidation adjustments to eliminate intragroup transactions
  3. Section 140 Profits adjusted to be profits before certain purchase accounting adjustments
  4. Section 141 General exclusion of dividends
  5. Section 142 Excluded equity gain or loss
  6. Section 143 Included revaluation method gain or loss
  7. Section 144 Adjustments for asymmetric foreign currency income and losses
  8. Section 145 Exclusion of expenses for illegal payments, fines and penalties
  9. Section 146 Adjustment for changes in accounting policies and prior period errors
  10. Section 147 Accrued pension expense
  11. Section 147A Treatment of tax credits
  12. Section 148 Meaning of qualifying refundable tax credits
  13. Section 148A Transferable tax credits
  14. Section 148B Value of marketable transferable tax credits: originator
  15. Section 148C Value of marketable transferable tax credits: purchaser
  16. Section 149 Arm’s length requirement for certain transactions
  17. Section 150 Transactions between members of a multinational group: differences with accounting for tax
  18. Section 150A Instruments held intragroup: issuer’s accounting treatment to prevail
  19. Section 151 Adjustments for companies in distress
  20. Section 152 Adjustments where life assurance business carried on
  21. Section 153 Exclusion of certain insurance reserve movement expense
  22. Section 154 Exclusion of qualifying intra-group financing arrangement expenses
  23. Section 155 Qualifying tier one capital
  24. Section 156 Exclusion of international shipping profits
  25. Section 157 Core international shipping profits
  26. Section 158 Ancillary international shipping profits