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Two consultations
HMRC has published two sets of draft regulations on the worldwide debt cap restricting corporation tax deductions available to UK members of an international group in respect of financing expenses.
The regulations:
- The Tax Treatment of Financing Costs and Income (Correction of Mismatches: Partnerships and Pensions) Regulations 2012.
- The Tax Treatment of Financing Costs and Income (Excluded Schemes) Regulations 2012.
Comments are invited by 16 November.
