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There are currently no known outstanding effects for the Taxation (International and Other Provisions) Act 2010, Cross Heading: Statement of calculations.
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Textual Amendments
F1Sch. 7A inserted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 2 (with Sch. 5 para. 28)
21U.K.The statement of calculations required by paragraph 20(3)(d) to be included in a full interest restriction return must include the following information—
(a)for each company that was a UK group company at any time during the return period—
(i)the company's net tax-interest expense, or net tax-interest income, for the return period (see section 389);
(ii)the company's tax-EBITDA for the return period (see section 406);
(b)the aggregate net tax-interest expense, and aggregate net tax-interest income, of the group for the return period (see section 390);
(c)the interest capacity of the group for the return period (see section 392);
(d)the aggregate of interest allowances of the group for periods before the return period so far as they are available in the return period (see section 393);
(e)the interest allowance of the group for the return period (see section 396);
(f)the aggregate tax-EBITDA of the group for the return period (see section 405);
(g)where the interest allowance is calculated using the fixed ratio method and that allowance is given by section 397(1)(b), the adjusted net group-interest expense of the group for the return period (see section 413);
(h)where the interest allowance is calculated using the group ratio method—
(i)the group ratio percentage (see section 399 or 401);
(ii)the qualifying net group-interest expense of the group for the return period (see section 414);
(iii)the group-EBITDA of the group for the return period (see section 416).]
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