Policy paper

Corporate Interest Restriction — interaction with creative reliefs

This measure makes technical changes to the Corporate Interest Restriction rules so they work as intended.

• From: HM Revenue & Customs
• Published: 28 October 2026

Documents

Corporate Interest Restriction: creative reliefs and tax-EBITDA calculation

HTML

Details

This measure changes how taxable earnings (tax-EBITDA) are calculated by excluding all Audio-Visual Expenditure Credits (AVECs) and Video Games Expenditure Credits (VGECs).