This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.

FB17/SCH10/PARA26 {#}

The corporate interest restriction (‘CIR’), TIOPA10/PT10 has effect from 1 April 2017 (F(2)A17/SCH5/PT4). The debt cap, TIOPA10/PT7 is repealed with effect from that date (F(2)A17/SCH5/PARAS10, 26. Rules in (F(2)A17/SCH5/PT4) determine the modifications made to both regimes for periods that straddle 1 April 2017.

See CFM98320 {#} for commencement rules relating to the CIR.

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