Are tax deductions on borrowed time as new rules come into effect?

A new measure in the Finance Bill is intended to stamp out tax avoidance through borrowing costs – but it’s complicated

Cash is the lifeblood of any business, and any law change must be carefully reviewed while complying with the requirements of EU law

Is your company a standalone entity, part of an interest group or a single worldwide group? Do its net borrowing costs exceed €3 million? These are new-fangled terms and questions that have to be answered, based on new laws coming our way, to see whether net borrowing costs are tax deductible.

This is on top of all the usual terms and conditions that have to be adhered to in order to secure such a tax ...