[410 Net group-interest expense]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Chapter 7
Group-Interest and Group-EBITDA]

[Group-interest]

[410  Net group-interest expense]

[(1)     For the purposes of this Part the “net group-interest expense” of a worldwide group for a period of account of the group (“the relevant period of account”) is—

A - B

ɳ—

A is the sum of the relevant expense amounts that are recognised in the financial statements of the group for the period as items of profit or loss;

B is the sum of the relevant income amounts that are recognised in the financial statements of the group for the period as

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