HMRC has launched a technical consultation seeking views on draft regulations which will widen the scope of the alternative finance arrangements tax rules which allow finance to be provided without the payment of interest. The draft Alternative Finance (Income Tax, Capital Gains Tax and Corporation Tax) Order 2022 will bring the following with the scope of the rules:
Without these changes, the rules apply only to arrangements where at least one party is a financial institution.
The consultation runs until 11 March 2022.
HMRC has launched a technical consultation seeking views on draft regulations which will widen the scope of the alternative finance arrangements tax rules which allow finance to be provided without the payment of interest. The draft Alternative Finance (Income Tax, Capital Gains Tax and Corporation Tax) Order 2022 will bring the following with the scope of the rules:
Without these changes, the rules apply only to arrangements where at least one party is a financial institution.
The consultation runs until 11 March 2022.