Corporate Interest Restriction ‚ Late filing penalties

8 Dec 2020

Committee members of STEP, ICAEW and the CIOT have prepared a note to highlight practical issues and uncertainties in the statutory provisions for trust protections as introduced by Finance (No 2) Act 2017 as part of the changes to the taxation of non-UK domiciliaries.

The notes are intended to assist professional advisers in considering the issues. They do not constitute advice and are not a substitute for professional consideration of the issues by such a professional adviser in each client‚ s specific context.

The trust protections note is available here together with Q&As and other materials (previously published) relating to the changes to the taxation of non-UK domiciliaries in 2017 and 2018.