Policy paper

Draft legislation: Corporation Tax - preventing abuse of late paid interest rules

This draft legislation is about preventing the abuse of late paid interest rules.

• From: HM Revenue & Customs
• Published: 3 December 2014

Documents

Draft legislation: Corporation Tax - preventing abuse of late paid interest rules

PDF, 134 KB, 2 pages

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Explanatory note: Corporation Tax - preventing abuse of late paid interest rules

PDF, 88.2 KB, 3 pages

Details

This measure repeals rules which require interest payable on loans to be relieved when paid rather than when accrued in certain circumstances. It also repeals parallel rules which apply to deeply discounted securities.

A Tax Information and Impact Note for this measure has been published at Corporation Tax: preventing abuse of late paid interest rules.

Published 3 December 2014