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Interest Deductibility for Corporates (NI)

Summary

With rising interest rates, obtaining tax relief for the company’s interest expense is a priority. This course looks at the Corporate Interest Restriction and other legislation which may delay or deny a corporation tax deduction. It will focus on the practical application of the rules, working through illustrative examples.

Format

This course will be delivered via Zoom on Tuesday 10 October 2023 from 9.30am to 12.00pm. The Zoom link will be emailed to participants the day before the course is due to take place. Please note that this course will not be recorded, so attendance is required

Who should attend?

Corporate tax practitioners, financial controllers, CFO/FD, corporate finance professionals

Course overview

Overview of rules impacting on the tax deductibility of interest for companies
Fundamentals of the Corporate Interest Restriction calculation
Getting to grips with the acronyms and definitions in the Corporate Interest Restriction legislation
Working through a CIR example, exploring the fixed and group ratios
Overview of thin capitalisation/transfer pricing for debt
Impact of the late paid interest rules
Latest tax cases on unallowable purpose for loan relationships

Key Learning Outcomes

Understand the fundamentals of the Corporate Interest Restriction calculation
Understand key definitions and acronyms in the Corporate Interest Restriction legislation
Understand the differences between the fixed and group ratio methods, and when electing for the group ratio method may be beneficial
Identify when the transfer pricing rules may apply to a company’s debt
Understand when a corporate tax deduction may not be available on an accruals basis

Speaker Bio

Catriona Loughranhas worked in UK and international tax for over 20 years, with experience gained in global accountancy firms, multinational groups and HMRC. She is a Fellow of Chartered Accountants Ireland and an Associate of the UK’s Chartered Institute of Taxation, holding both the Chartered Tax Adviser and Advanced Diploma in International Tax qualifications. Catriona explains complex tax issues using everyday language.

Contact us

If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at (+353) 01 523 3930

Category:

Tax

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