UK Publishes Guidance on Corporate Interest Restriction Returns
UK HMRC has published guidance concerning the submission of corporate interest restriction returns in relation to 30% of EBITDA interest deduction restriction introduced as part of the UK Finance (No. 2) Act 2017 and effective from 1 April 2017. Groups that will be deducting more than GBP 2 million in net tax-interest and other financing costs in a year are to appoint a reporting company and s…
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