Taxation (International and Other Provisions) Act 2010 section 331

Companies with net financing deduction or net financing income that is small

Section 331 provided an exemption from the worldwide debt cap rules for groups whose net financing deduction or net financing income was small, but this section has been repealed and replaced by the corporate interest restriction regime.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.