[407 Amounts not brought into account in determining a company's tax-EBITDA]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[407  Amounts not brought into account in determining a company's tax-EBITDA]

[(1)     An amount is an excluded amount for the purposes of conditions A and B in section 406 if it is any of the following—

(a)     a tax-interest expense amount or a tax-interest income amount [(or an amount which would, apart from section 388, be a tax-interest income amount);];

(b)     an allowance or charge under CAA 2001;

(c)     an excluded relevant intangibles debit or an excluded relevant intangibles credit (see section 408);

(d)     a loss that—

(i)     is made by the company in an accounting period other than that mentioned in section 406(2), and

(ii)     is not an allowable loss for the purposes of TCGA 1992;

(e)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Specific performance of property agreements

If a party to a property agreement fails to comply with its obligations, the other party may wish to apply for an order for specific performance. Specific performance is an equitable, discretionary remedy which, if granted, compels a party to perform a contractual obligation. This Practice Note

LEXISNEXIS

Removal of a director

Removal of a directorThis note should be read in conjunction with Practice Note: Appointment, retirement and resignation of a director.For an illustration of the steps that must be taken to remove a director, see Removal of a director—flowchart.Removal from officeResolution to remove a directorA

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise

LEXISNEXIS

Wounding or causing grievous bodily harm with intent

Wounding or causing grievous bodily harm with intentThe offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861),