Open consultation

Consultation on the taxation impacts arising from the withdrawal of LIBOR


We welcome views on the tax issues arising from the reform of LIBOR (London Inter-bank Offered Rate) and other benchmark rates.

This consultation closes at

Consultation description

The publication of LIBOR is expected to cease after the end of 2021 and parties to financial instruments will need to transition to alternative reference rates.

HMRC has identified several statutory references to LIBOR that need amending as a result of this withdrawal and is seeking views on how this should be done.

In addition, the consultation aims to ensure HMRC fully understands the significant tax impacts that could arise from the reform of LIBOR and other benchmark rates.


Taxation impacts arising from the withdrawal of LIBOR - consultation document

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Ways to respond

Email to:

Write to:

Oli Jones,
HM Revenue and Customs,
Room 3C/04,
100 Parliament Street,
London SW1A 2BQ

Published 19 March 2020