https://taxagents.blog.gov.uk/2018/02/01/corporate-interest-restriction-tax-agent-blog/

Corporate interest restriction - Tax agent blog

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.

Your views count

We have a consultation on Corporate interest restriction - consultation on leases and a consultation on the wider leasing rules Plant and machinery lease accounting changes.

We hope you will take the opportunity to read the consultation document and provide feedback. Your feedback informs not only the development of policy but also provides us with a clearer understanding of the needs of our customers.

If you would like to discuss this consultation or provide feedback, please email: interest-restriction.mailbox@hmrc.gsi.gov.uk.

Thank you for your support.

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