The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
The corporate interest restriction (CIR) regime has some specific administrative rules in addition to the general administrative requirements for corporation tax returns.
This guidance note does not include commentary on provisions that are substantially the same or similar to the general administration requirements for corporation tax returns. For a full analysis of all the administration provisions around CIR, see Simon’s Taxes D1.1445 onwards.
HMRC guidance on the CIR administrative rules is set out in the Corporate Finance manual at CFM98400 onwards, with an overview in CFM98410.
The following worksheets containing embedded information are available on the Government website:
To access the above material, see Submit a Corporate Interest Restriction return .
In addition to the HMRC guidance referred to above, companies are also advised to contact their HMRC customer compliance manager (CCM) for further information.
The vast majority of groups affected by the CIR will choose to appoint a reporting company for the group.
The reporting company must:
Notice must be given to HMRC within 12 months of the end of the specified period of account (PoA) (or six months for
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