miércoles, 18 de enero de 2017

UK releases draft legislation on rules restricting deductibility of corporate interest expense

On 5 December 2016, following extensive consultation, the UK government released draft legislation on the new rules restricting the deductibility of corporate interest expense.
The draft Finance Bill 2017 includes the core provisions and will be updated by the end of January 2017 for some areas where additional work is needed, including additional group ratio rule definitions, some industry-specific provisions and other points of detail, such as available elections to limit mismatches between tax and accounting measures. The government also published a summary of responses to the May 2016 consultation, setting out its decisions on all aspects of the new rules.
The rules represent part of the UK government’s implementation of the G20/OECD BEPS project and are expected to raise over GBP 1 billion annually.
Source & more info: Deloitte

No hay comentarios:

Publicar un comentario