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Securitisation companies

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The draft Taxation of Securitisation Companies (Amendment) Regulations 2018 make changes to clarify four specific areas of uncertainty relating to the tax treatment of securitisation companies within the ‘permanent regime’ introduced in 2006. The changes involve: removing the withholding tax obligation on annual payments; revising the definition of ‘financial assets’; excluding securitisation companies from the recovery of unpaid corporation tax provisions; and revising the definition of a ‘warehouse company’.

HMRC invites comments on the draft regulations by 15 January 2018. The changes do not apply to securitisation companies within the ‘interim regime’, who continue to use old UK GAAP. See

Issue: 1380
Categories: News