Policy paper

Draft legislation: corporate interest restriction

This measure introduces a restriction on the amount of interest and other financing amounts that a company may deduct in computing its profits for Corporation Tax purposes.

• From: HM Revenue & Customs
• Published: 26 January 2017

Documents

Draft legislation: corporate interest restriction

PDF, 715 KB, 134 pages

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Explanatory note for corporate interest restriction - clause 1 and schedule 1

PDF, 370 KB, 35 pages

Details

The final legislation was published in the Finance Bill (No. 2) 2017.

A consultation on the corporate interest restriction has been carried out.

Draft regulations for this measure have also been published along with a tax information and impact note.

You can find out more about the corporate interest restriction rules by reading the draft guidance.

Published 26 January 2017