[377 Disallowance of deductions: identification of the tax-interest amounts to be left out of account]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[377  Disallowance of deductions: identification of the tax-interest amounts to be left out of account]

[(1)     This section applies where—

(a)     a company is required to leave tax-interest expense amounts out of account in an accounting period under section 375 or 376, and

(b)     the total of the tax-interest expense amounts that, apart from that provision, would be brought into account in the accounting period exceeds the total of the tax-interest expense amounts that are required by that provision to be left out of account in that period.

(2)

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