³ÉÈËÓ°Òô

Corporate interest restriction ― administrative aspects

Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance

Corporate interest restriction ― administrative aspects

Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance
imgtext

The corporate interest restriction (CIR) regime has some specific administrative rules in addition to the general administrative requirements for corporation tax returns.

This guidance note does not include commentary on provisions that are substantially the same or similar to the general administration requirements for corporation tax returns. For a full analysis of all the administration provisions around CIR, see Simon’s Taxes D1.1445 onwards.

HMRC guidance on the CIR administrative rules is set out in the Corporate Finance manual at CFM98400 onwards, with an overview in CFM98410. HMRC also have guidance in CIR returns in their Compliance Handbook at CH82290.

Additional HMRC guidance, templates and worksheets ― corporate interest restriction

The following worksheets containing embedded information are available on the Government website:

  1. •

    worksheet for the appointment of a reporting company

  2. •

    abbreviated interest restriction return

  3. •

    full interest restriction return for up to 10 companies

  4. •

    full interest restriction return for up to 25 companies

  5. •

    full interest restriction return for up to 300 companies

To access the above material, see Submit a Corporate Interest

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

Powered by
  • 16 Apr 2024 10:01

Popular Articles

Long service awards

Long service awardsEmployee recognition by an employer can be an important motivational tool, as well as having a positive effect on retention. Most employer awards made to an employee are treated as taxable earnings under ITEPA 2003, s 62 or as a benefit under ITEPA 2003, s 201 because they are

14 Jul 2020 12:11 | Produced by Tolley Read more Read more

Holdover relief for disposals by trustees

Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm’s length sale) then holdover relief may be available. This will happen when trustees appoint capital assets

14 Jul 2020 11:54 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more