Taxation (International and Other Provisions) Act 2010 section 284A

Section 284: supplementary

Section 284A provided supplementary rules supporting the operation of section 284 within Part 7 of the Act, but was repealed as part of the replacement of the worldwide debt cap regime with the corporate interest restriction rules.

• Section 284A contained supplementary provisions that supported the application of section 284 within the worldwide debt cap framework under Part 7 of TIOPA 2010.
• Part 7 of TIOPA 2010, which dealt with the worldwide debt cap, was repealed in its entirety by the Finance (No. 2) Act 2017.
• The repeal took effect for periods of account of worldwide groups beginning on or after 1 April 2017.
• The worldwide debt cap rules were replaced by the corporate interest restriction regime introduced by section 20 and Schedule 5 of the Finance (No. 2) Act 2017.