CFM90000 - Debt cap: contents

The debt cap rules were introduced in Finance Act 2009 and apply to large groups with UK members with effect from a group’s first period of account that begins on or after 1 January 2010. The guidance for applying the debt cap rules is contained in the following chapters. The guidance will help HMRC staff and practitioners understand the legislation and how the rules apply to groups. The guidance will also provide assistance in risk assessing the potential impact of the rules to a group.

1. CFM90100

   Overview
2. CFM90200

   Which groups are affected
3. CFM90400

   Group accounts
4. CFM90600

   Gateway test
5. CFM90800

   Financial services groups
6. CFM91000

   Calculating the disallowance of financing expense amounts
7. CFM91200

   Calculating the exemption of financing income amounts
8. CFM91300

   Introduction to allocating the disallowance and exemption
9. CFM91400

   Appointment of the authorised company
10. CFM91600

    Statements of allocation
11. CFM91800

    Failure to make statements of allocation
12. CFM92000

    Intra-group short-term debt
13. CFM92200

    Stranded reliefs
14. CFM92400

    Available amount
15. CFM92500

    Particular types of company
16. CFM92600

    Anti-avoidance rules
17. CFM92800

    Income from EEA group companies
18. CFM93000

    Interaction with other rules