[400 The debt cap]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[400  The debt cap]

[(1)     For the purposes of section 397 (and this section), “the fixed ratio debt cap” of a worldwide group for a period of account of the group is the sum of the following amounts—

(a)     the adjusted net group-interest expense of the group for the period;

(b)     the excess debt cap of the group that was generated in the immediately preceding period of account of the group (if any) (see subsections (3) to (7)).

(2)     For the purposes of section 398 (and this section), “the group ratio debt cap” of a worldwide group for a period of account of the

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