Policy paper

Statement of Practice 4 (1996)

Income Tax: interest paid in the ordinary course of a bank's business.

This publication was withdrawn on

Statement of Practice 4 (1996) has been withdrawn because HMRC now accepts that interest on borrowing related to capital structure is also paid in the ordinary course of a bank’s business.

Document

Details

Statements applicable to companies etc. (Corporation Tax and Income Tax).

Published 13 May 1996