Policy paper

Corporation Tax changes to the corporate interest restriction rules

This measure amends part 10 of the Taxation (International and Other Provisions) Act 2010.

Documents

Draft legislation

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Explanatory note

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Details

This measure makes technical amendments to the Corporate Interest Restriction (CIR) rules to ensure the regime works as intended.

The CIR rules restrict the ability of large businesses to reduce their taxable profits through excessive UK interest expense.

Published 6 July 2018