Policy paper

Corporation Tax: preventing abuse of late paid interest rules

This Tax Information and Impact Note is about preventing the abuse of late paid interest rules.

Documents

Details

This measure repeals rules which require interest payable on loans to be relieved when paid rather than when accrued in certain circumstances. It also repeals parallel rules which apply to deeply discounted securities.

A draft legislation for this measure has been published at Draft legislation: Corporation Tax - preventing abuse of late paid interest rules

Published 3 December 2014