Finance (No. 2) Act 2017 (c. 32)

SCHEDULES

SCHEDULE 5 U.K. Corporate interest restriction

PART 3 U.K. Consequential amendments

CTA 2010 U.K.

6 U.K. CTA 2010 is amended as follows.

7 U.K. After section 937N (risk transfer schemes) insert—

“937NA Priority

For the purposes of this Part, the provisions of Part 10 of TIOPA 2010 (corporate interest restriction) are to be treated as of no effect.”

8 U.K. In section 938N (group mismatch schemes: priority), for paragraph (e) substitute—

“(e) Part 10 of that Act (corporate interest restriction).”

9 U.K. In section 938V (tax mismatch schemes: priority), for paragraph (d) substitute—

“(d) Part 10 of that Act (corporate interest restriction).”