Taxation (International and Other Provisions) Act 2010 section 327

Educational and public bodies

Section 327 previously provided rules relating to educational and public bodies within the worldwide debt cap regime, but has been repealed and replaced by the corporate interest restriction rules.

• Section 327 was part of Part 7 of TIOPA 2010, which dealt with the worldwide debt cap for financing expenses
• The entire Part 7, including this section, was repealed by the Finance (No. 2) Act 2017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 replacement regime is the corporate interest restriction, introduced by section 20 and Schedule 5 of the Finance (No. 2) Act 2017