This Tax Information and Impact Note is about preventing the abuse of late paid interest rules.
PDF, 89.3KB, 3 pages
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
3 December 2014
HM Revenue & Customs
Autumn Statement 2014: HM Revenue and Customs
Tax agent and adviser guidance
Autumn Statement 2014
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