Thursday October 22, 2020

Think tank warns that hiking cost of financing now is a risky business

The Tax Strategy Group says adopting the EU’s directive on interest limitation now hits companies already reeling from Brexit and Covid-19

27th September, 2020
Our interest deduction rules are excruciatingly complex but the discussions around implementing the EU’s directive on interest limitation might help us simplify them

It’s that time of the year again when the Tax Strategy Group (TSG) gets to have its say.

This think tank, chaired by the Department of Finance, is not a decision-making body. It is charged with providing the government with a list of “options and issues to be considered in the budgetary process”.

This year it produced 12 papers full of suggestions on various tax issues, but today our focus should...

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