UK HMRC has issued a policy paper on the Disregard and Bringing into Account of Profit and Losses on Derivative Contracts Hedging Acquisitions and Disposals of Shares Regulations 2022, which were made on 7 March 2022 and enter into force on 1 April 2022. The new regulations expand the scope of existing "disregard and bringing into account rules" to include derivative contracts, such as deal contingent forwards, that are used to hedge foreign currency risks on the acquisition and disposal of large shareholdings. The general overview provided in the policy paper is as follows: --- Corporation Tax: the disregard and...