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.

• From: HM Revenue & Customs
• Published: 9 December 2015

Documents

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

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Draft clause 23

PDF, 50.9 KB, 2 pages

Draft explanatory notes clause 23

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Draft clause 24

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Draft explanatory notes clause 24

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Draft clause 25

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Draft explanatory notes clause 25

PDF, 269 KB, 2 pages

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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.

Published 9 December 2015