35U.K.ICTA is amended as follows.
36U.K.Omit section 6(5) (signpost to Part 8 of the Act).
37U.K.Omit section 337A(2) (in calculating a company's income, deductions in respect of interest to be made only under Part 5 of CTA 2009).
38U.K.CTA 2009 is amended as follows.
39U.K.After section 1301 insert—
In calculating a company's income from any source for corporation tax purposes, no deduction is allowed for interest otherwise than under Part 5 (loan relationships).”