Worldwide debt cap ― main provisions

Worldwide debt cap ― main provisions

The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Worldwide debt cap ― main provisions
  • Position on or after 1 April 2017
  • Position before 1 April 2017
  • Overview
  • Scope and exemptions
  • The Gateway Test
  • Detailed Methodology
  • Disallowance of deductions
  • Exemption of Financing Income
  • ‘De minimis’ rule
  • Compliance requirements
  • Special classes of business
  • Reliefs
  • Regulation making powers
  • Problem areas
  • Targeted anti-avoidance rule (TAAR)
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