Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 331: Companies with net financing deduction or net financing income that is small

616.This section provides the figure used to determine whether a relevant group company’s net financing deduction or a UK group company’s net financing income is “small” (less than £500,000) and allows the amount to be increased or decreased by Treasury order. It is based on paragraph 72 of Schedule 15 to FA 2009.

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