Irish Revenue has issued eBrief No. 170/23 on updated guidance (TDM 35D-01-01) regarding the interest limitation rule (ILR). The ILR generally limits deductible interest expense to 30% of EBITDA, with disallowed interest allowed to be carried forward and deducted in future years. The guidance has been updated in relation to an interest group election, including an example where a company leave…