This Guidance Note covers the Corporate Interest Restriction (‘CIR’) which was introduced in Finance Act 2017 and came into effect from 1 April 2017. The rules may restrict the corporation tax deduction that can be taken for interest expense for groups of companies with UK net interest expense in excess of £2 million.

This content is restricted to members. To view this content please register or login below to view this content.

Register to receive up-to-date information and advice on tax developments within your industry.