{
  "url": "https://openlegislation.uk/corporate-interest-restriction-financial-statements-group-mismatches-regulations-2017/regulation-1",
  "json_url": "https://openlegislation.uk/corporate-interest-restriction-financial-statements-group-mismatches-regulations-2017/regulation-1.json",
  "legislation": "uksi/2017/1224",
  "legislation_title": "The Corporate Interest Restriction (Financial Statements: Group Mismatches) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/corporate-interest-restriction-financial-statements-group-mismatches-regulations-2017",
  "path": "regulation/1",
  "kind": "regulation",
  "number": "1",
  "heading": "Citation, commencement, effect and interpretation",
  "text": "(1) These Regulations may be cited as the Corporate Interest Restriction (Financial Statements: Group Mismatches) Regulations 2017 and come into force on 29th December 2017.\n(2) The Regulations have effect for periods of account of a worldwide group that begin on or after 1 April 2017.\n(3) For the purposes of these Regulations, “the specified amounts” means—\n(a) the net group-interest expense,\n(b) the adjusted net group-interest expense,\n(c) the qualifying net group-interest expense, and\n(d) the group-EBITDA.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "“Period of account” of a worldwide group is defined in section 480 of the Taxation (International and Other Provisions) Act 2010, which was inserted by paragraph 1 of Schedule 5 to the Finance (No. 2) Act 2017."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "“A worldwide group” is defined in section 473 of the Taxation (International and Other Provisions) Act 2010, which was inserted by paragraph 1 of Schedule 5 to the Finance (No. 2) Act 2017."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "“Net group-interest expense” is defined in section 410 of the Taxation (International and Other Provisions) Act 2010, which was inserted by paragraph 1 of Schedule 5 to the Finance (No. 2) Act 2017."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "“Adjusted net group-interest expense” is defined in section 413 of the Taxation (International and Other Provisions) Act 2010, which was inserted by paragraph 1 of Schedule 5 to the Finance (No. 2) Act 2017."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "“Qualifying net group-interest expense” is defined in section 414 of the Taxation (International and Other Provisions) Act 2010, which was inserted by paragraph 1 of Schedule 5 to the Finance (No. 2) Act 2017."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "“The group-EBITDA” is defined in section 416 of the Taxation (International and Other Provisions) Act 2010, which was inserted by paragraph 1 of Schedule 5 to the Finance (No. 2) Act 2017."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/1224/regulation/1",
    "retrieved_at": "2026-10-28T23:05:06.770423+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}