Taxation (International and Other Provisions) Act 2010 section 336

Meaning of accounting expressions used in this Chapter

Section 336 defined accounting terminology used in the worldwide debt cap provisions of Part 7, but has been repealed and replaced by the corporate interest restriction rules.

• Section 336 provided definitions for accounting terms used within the worldwide debt cap chapter of TIOPA 2010.
• The section formed part of Part 7 of TIOPA 2010, which dealt with the financing costs and income of groups of companies on a worldwide basis.
• The entire Part 7, including this section, was repealed by the Finance (No. 2) Act 2017 as part of the introduction of the corporate interest restriction regime.
• The repeal took effect for periods of account of worldwide groups beginning on or after 1 April 2017.