Daniel Head and John Monds (KPMG) provide your guide to the key components of the latest UK consultation on the new interest deductibility regime.
Following a consultation at the end of last year and the related announcements in the 2016 Budget the government has now published its second consultation on the tax deductibility of corporate interest expense (see www.bit.ly/1kvUMKR). It is intended that this consultation will provide stakeholders with the opportunity to provide final comment on the proposed design and implementation of the new rules.
What has already been announced by the government?
Prior to the publication of this second consultation document on 12 May 2016 the UK government had announced certain headline features of the proposed new regime in the 2016 Budget.
This confirmed the UK’s commitment to adopting...
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Daniel Head and John Monds (KPMG) provide your guide to the key components of the latest UK consultation on the new interest deductibility regime.
Following a consultation at the end of last year and the related announcements in the 2016 Budget the government has now published its second consultation on the tax deductibility of corporate interest expense (see www.bit.ly/1kvUMKR). It is intended that this consultation will provide stakeholders with the opportunity to provide final comment on the proposed design and implementation of the new rules.
What has already been announced by the government?
Prior to the publication of this second consultation document on 12 May 2016 the UK government had announced certain headline features of the proposed new regime in the 2016 Budget.
This confirmed the UK’s commitment to adopting...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
