Policy paper

Corporation Tax: update of the taxation of corporate debt and derivative contracts

This applies to companies subject to Corporation Tax, which issue or hold debt, or which are party to derivative contracts.

Documents

Draft clause 23

Draft explanatory notes clause 23

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Draft clause 24

Draft explanatory notes clause 24

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Draft clause 25

Draft explanatory notes clause 25

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This legislation updates the rules governing the taxation of corporate debt (known as loan relationships) and derivative contracts. Changes are being made to address 3 situations where the interactions with accounting rules or other parts of the tax rules may lead to unintended and unfair outcomes.

Updates to this page

Published 9 December 2015

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