Section 357NI Interest or other financing costs and receiptsF1
(1)
No deduction is allowed in calculating the profits attributable to the company's NIRE for payments of interest or other financing costs by the NIRE to any other part of the company.
(2)
No receipt is to be brought into account in calculating profits attributable to the NIRE for interest or other financing income received from any other part of the company.
Annotations
Textual amendments
- F1
Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1
Notes on Chapter 7
Textual amendments
- F2
Words in Pt. 8B Ch. 7 heading inserted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 8