The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Companies may experience variations in business profits and market interest rates. Changes in capital structure that impact the level of debt on the balance sheet may also occur from time to time. These and other sources of volatility could result in interest disallowances in some periods and unused interest allowances in other periods.
To provide a greater element of fairness in the corporate interest restriction (CIR) rules, there are a number of carry-forward provisions:
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