Policy paper
Modernising the taxation of corporate debt and derivative contracts: update
This Tax Information and Impact Note explains the amendments to the Corporation Tax Act 2009 (CTA 09) that apply to groups of companies.
Documents
Details
This measure will amend the rules in Chapter 4 of Part 5, and Chapter 5 of Part 7, of the Corporation Tax Act 2009 (CTA 09). The changes will amend the 鈥榙e-grouping鈥� provisions in those chapters that apply when a company to which a loan relationship or derivative contract has been transferred (a 鈥榯ransferee company鈥�) ceases to be a member of the group.
This supports the government鈥檚 objective of establishing a simpler, more certain and more robust tax system.
Updates to this page
Published 19 March 2014