18 May 2016

UK releases new consultation on tax deductibility of corporate interest expense

HM Treasury and HM Revenue & Customs (HMRC) released a further consultation on May 12, regarding the tax deductibility of corporate interest expense. This new consultation seeks input on the detailed design of the new rules for the purposes of drafting legislation to be included in Finance Bill 2017. Responses are sought by August 4.

A Tax Alert prepared by Ernst & Young UK, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-0887

Document ID: 2016-0887