Policy paper

Amendments to Corporate Interest Restriction

The worldwide debt cap (WWDC) rules in Part 7, TIOPA 2010 are being changed where a revised statement of allocated disallowances is submitted on or after 15 March 2023.

• From: HM Revenue & Customs
• Published: 15 March 2023

Documents

Corporate Interest Restriction amendments

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Draft legislation

PDF, 100 KB, 2 pages

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Draft legislation (accessible version)

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Details

The changes mean that where a revised statement of allocated disallowances is submitted (for example on closure of an enquiry into a company tax return) this will only be treated as valid where a valid revised statement of allocated exemptions is also submitted.

Published 15 March 2023