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Alison Walsh

Corporate Interest Restriction Return - Application Programming Interface (API) Launch

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HMRC sign on a wall

HMRC is changing the way that it will be receiving Corporate interest Restriction Returns and is introducing 4 new Application Programming Interfaces (API)
Corporate Interest Restriction (CIR) applies to corporate entities and aims to restrict a group’s deductions for interest expense and other financing costs for Corporation Tax purposes

Extended Loss Carry Back for Business – Claims information for Companies

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Serious business owner working at laptop in cafe

The Extended Loss Carry Back measure announced at Budget enables companies to make claims to carry back losses for a further two years than current rules allow. This temporary extension applies for losses arising in accounting periods ending between 1 April 2020 and 31 March 2022.

Corporate Interest Restriction Returns: introducing our new Application Programming Interface (API)

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Construction workers (from Department of Business, Innovation and Skills flickr account)

Corporate Interest Restriction (CIR) legislation became effective from 1 April 2017 and applies to corporate entities. HMRC has developed an Application Programming Interface (API) for submitting Interest Restriction Returns (IRR) and for reporting company appointments and revocations. This will be available for use from June 2021.

Have Your Say on Tax on Offshore Income and Gains and International Debt

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Weathervane showing North South East and West

This week, we would like to talk about tax on offshore gains and income. We want to hear your views on how HMRC can tackle the tax gap on offshore income and gains. You can tell HMRC what you think by emailing consult.nosafehavens@hmrc.gov.uk at any point before 15th June.