Corporate Interest Restriction draft guidance
HM Revenue and Customs is seeking comments on this draft guidance covering the new Corporate Interest Restriction rules.
This draft guidance has been published so that stakeholders can comment on it and to explain the application of the Corporate Interest Restriction legislation.
An initial tranche of draft guidance was published on 31 March 2017. This second tranche of draft guidance amends and updates that initial tranche. In particular, it reflects the updated legislation published on 13 July 2017 and includes additional material.
Comments about this draft guidance should be emailed to the Corporate Interest Restriction team at: email@example.com by 31 October 2017.
The draft guidance will be updated as necessary in the light of comments received.
At Spring Budget 2017, the government confirmed that the UK will introduce a corporate interest restriction with effect from 1 April 2017.
A consultation on the corporate interest restriction has been carried out.
Two sets of draft regulations have also been published for this measure dealing with collective investment vehicles and securitisation companies and group mismatches.
A tax information and impact note has also been published.
Published: 31 March 2017
Updated: 4 August 2017
- The Corporate Interest Restriction second draft guidance has been published.
- Updated to explain that the corporate interest restriction schedule has been removed from the Finance Bill 2017.
- The guidance has been updated.
- First published.