Policy paper

Corporation Tax changes to the corporate interest restriction rules

This measure amends part 10 of the Taxation (International and Other Provisions) Act 2010.

• From: HM Revenue & Customs
• Published: 6 July 2018

Documents

Corporation Tax amendments to the corporate interest restriction rules

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Draft legislation

PDF, 71.8 KB, 6 pages

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Explanatory note

PDF, 151 KB, 5 pages

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Details

This measure makes technical amendments to the Corporate Interest Restriction (CIR) rules to ensure the regime works as intended.

The CIR rules restrict the ability of large businesses to reduce their taxable profits through excessive UK interest expense.

Published 6 July 2018