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UK Corporate Interest Restriction Draft Guidance

|Proposed Changes|United Kingdom
United Kingdom

UK HMRC has published draft guidance for comment on the new corporate interest restriction, which  limits the amount of interest and other financing amounts that a company may deduct in computing its profits for Corporation Tax purposes using a recommended fixed ratio rule (30% of EBITDA) or an optional group ratio rule ({News-2017-03-10/P/3- previous coverage}). The restriction is in…

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