Policy paper

Corporation Tax: changes to the worldwide debt cap provisions

Amendments to the worldwide debt cap (WWDC) provisions to ensure changes to accounting standards do not create unintended additional Corporation Tax liabilities.

Documents

Details

The Tax Treatment of Financing Costs and Income (Change of Accounting Standards: Investment Entities) Regulations 2015 and explanatory memorandum came into force on 2 April 2015. This tax information and impact note amends the available amount of a worldwide group or an expense arising to a member of it.

Published 28 May 2015