Tax deductibility of corporate interest expense
Seeking views on the detailed policy design and implementation of new rules on the tax deductibility of corporate interest expense.
Detail
Following initial consultation on the Organisation for Economic Co-operation and Development’s recommendations, the government announced key policy design features for a restriction on the tax deductibility of corporate interest expense at Budget 2016 and in the Business tax road map.
The government is now seeking views on the detailed policy design and implementation of the new rules. This consultation is open until 4 August 2016 and the government will consider responses in the drafting of the legislation for Finance Bill 2017.
Documents
Tax deductibility of corporate interest expense: consultation on detailed policy design and implementationapplication/pdfTax deductibility of corporate interest expense: consultation (October 2015)Notes and slides from HM Treasury/HMRC stakeholder eventapplication/pdfTax deductibility of corporate interest expense: response to the consultationapplication/pdf