Policy paper
Corporate Interest Restriction relief for certain capital expenditure in calculation of taxable earnings
This tax information and impact note is about technical amendments to Corporate Interest Restriction (CIR) to ensure that the regime works as intended.
Documents
Details
This measure makes a change to the calculation of taxable earnings (tax-EBITDA) in relation to certain capital expenditure.
The calculation of tax-EBITDA will be amended to exclude capital expenditure deducted for specific reliefs for:
- waste disposal site preparation and restoration
- cemeteries and crematoria
- flood and coastal erosion risk management projects
These changes take effect for periods ending on or after 31 December 2021.
Updates to this page
Published 26 November 2025