http://www.legislation.gov.uk/id/ukpga/2016/24/schedule/7

SCHEDULES

SCHEDULE 7Loan relationships and derivative contracts

Transfer pricing

4

In section 693 (derivative contracts: bringing transfer-pricing adjustments into account), after subsection (5) insert—

6
No credit is to be brought into account for the purposes of this Part to the extent that it corresponds to an amount which, as a result of the preceding provisions of this section, has not previously been brought into account as a debit.