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Corporate interest restriction

01 Feb

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.

For the full article, please visit: https://taxagents.blog.gov.uk/2018/02/01/corporate-interest-restriction-tax-agent-blog/

source: – taxagents.blog.gov.uk

If you would like to get in touch with one of our team of accountants who can support you in structuring your business to work for you or for any information regarding this article, please call us on 01708 777950