HMRC issues new guidance on thin capitalisation

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HMRC issues new guidance on thin capitalisation

April 06 2010

In March 2010 HM Revenue & Customs (HMRC) released an update of the guidance in its International Manual on the UK’s thin capitalisation rules. This guidance is prepared primarily to assist inspectors of taxes in applying the thin cap legislation, but also offers useful insights into HMRC policy for taxpayers and advisers.

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