Tax deductibility of corporate interest expense

7 Jan 2016 01:28 PM

​Summary

The government seeks views on the proposals in the OECD report on Limiting Base Erosion Involving Interest Deductions and Other Financial Payments.

This consultation closes at14 January 2016 11:45pm

Documents

Tax deductibility of corporate interest expense: consultation HTML

Notes and slides from HM Treasury/HMRC stakeholder event PDF, 358KB, 21 pages

Consultation description

Government is seeking views on the proposals in the Organisation of Economic Co-operation and Development (OECD) Report on Limiting Base Erosion Involving Interest Deductions and Other Financial Payments - Action 4 of the Base Erosion and Profit Shifting (BEPS) project.

This consultation will look at:

• the key aspects of the OECD recommendations regarding best practices in the design of rules to prevent base erosion through the use of interest expense

• how specific issues could be addressed in a UK domestic policy context.

This consultation is open until 14 January and the government will consider responses in the development of a future business tax roadmap.