Corporate interest restriction
From 1 April 2017, if your company or group has more than £2 million of net interest and similar financing costs, the Corporate interest restriction rules may restrict interest deductions for UK Corporation Tax purposes.
The GOV.UK webpage Corporate interest restriction on deductions for groups covers:
- in what circumstances you might appoint a reporting company for your worldwide group
- in what circumstances you may face a restriction
- how to calculate the amount of the restriction
- how to submit an interest restriction return.
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