Taxation (International and Other Provisions) Act 2010 section 331A

Mismatches between tax treatment and accounting treatment

Section 331A previously dealt with mismatches between tax treatment and accounting treatment but has been repealed and replaced by the corporate interest restriction rules.

• Section 331A was part of Part 7 of the Taxation (International and Other Provisions) Act 2010, which addressed the worldwide debt cap regime
• The entire Part 7, including this section, was repealed by the Finance (No. 2) Act 2017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 worldwide debt cap rules were replaced by the corporate interest restriction rules introduced by the same Finance Act