Policy paper

Hybrid and other mismatches: Exemptions for regulatory capital - compliance with EU Anti-Tax Avoidance Directive

This tax information and impact note details hybrid capital and debt instruments issued by banks to overseas associates.

• From: HM Revenue & Customs
• Published: 30 October 2019

Documents

Hybrid and other mismatches: Exemptions for regulatory capital - compliance with EU Anti-Tax Avoidance Directive

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This Tax Information and Impact Note gives information about regulations that exempt certain hybrid capital and debt instruments issued by banks and insurers to their overseas associates from counteraction under the hybrids legislation. The exemption is subject to the requirements of the EU Anti-Tax Avoidance Directive (ATAD).

Published 30 October 2019