SCHEDULES

SCHEDULE 14 U.K. Loan relationships: minor and consequential amendments

The Taxes Act 1988 U.K.

15 U.K. After section 337 of that Act there shall be inserted the following section—

“337A Interest payable by companies.

No deduction shall be made in respect of interest in computing a company’s income from any source except in accordance with Chapter II of Part IV of the Finance Act 1996 (loan relationships).”