On 9 January, the government tabled two amendments to Schedule 8 concerning the corporate interest restriction rules. These amendments are minor corrections which extend the definition of a non-consolidated subsidiary to ensure that subsidiaries classified as ‘held for distribution to owners’ are regarded as non-consolidated subsidiaries in the same way as ‘held for sale’ subsidiaries. See http://bit.ly/2peLNoU.
The public bill committee has begun its consideration of the Bill, agreeing a government amendment to Schedule 5 (venture capital trusts: further amendments), which restricts the amount of interest and other charges venture capital trusts can impose in relation to qualifying loan investments. The public bill committee will conclude its examination of the Bill by 18 January.
On 9 January, the government tabled two amendments to Schedule 8 concerning the corporate interest restriction rules. These amendments are minor corrections which extend the definition of a non-consolidated subsidiary to ensure that subsidiaries classified as ‘held for distribution to owners’ are regarded as non-consolidated subsidiaries in the same way as ‘held for sale’ subsidiaries. See http://bit.ly/2peLNoU.
The public bill committee has begun its consideration of the Bill, agreeing a government amendment to Schedule 5 (venture capital trusts: further amendments), which restricts the amount of interest and other charges venture capital trusts can impose in relation to qualifying loan investments. The public bill committee will conclude its examination of the Bill by 18 January.
