Taxation (International and Other Provisions) Act 2010 section 353

Other expressions

Section 353 defined various expressions used throughout Part 7 of the Act, which dealt with the worldwide debt cap rules, but has been repealed and replaced by the corporate interest restriction regime.

• Section 353 provided definitions for terms used in the worldwide debt cap provisions contained in Part 7 of TIOPA 2010.
• Part 7 of the Act, including this section, was repealed by the Finance (No. 2) Act 2017.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.