Policy paper

Corporation Tax: extension of interim securitisation regime

This tax information and impact note further extends the interim regime for those securitisation companies who are taxed under it.

Documents

Details

HM Revenue and Customs is extending the interim regime so that securitisation companies taxed under that regime can continue to use UK generally accepted accounting practice as it stood at 31 December 2004 as the basis for their tax computations instead of the potentially more volatile effects of International Accounting Standards.

Draft legislation: Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards)(Amendment) Regulations 2016 has also been published.

Published 19 October 2016