# Taxation (International and Other Provisions) Act 2010, Section 398: Basic interest allowance calculated using group ratio method


(1) For the purposes of section 396, the basic interest allowance of a worldwide group for a period of account of the group, calculated using the group ratio method, is the lower of the following amounts—
(a) the group ratio percentage of the aggregate tax-EBITDA of the group for the period;
(b) the group ratio debt cap of the group for the period.
(2) See—
section 399 for the meaning of “group ratio percentage”;
section 400 for the meaning of “group ratio debt cap”;
section 405 for the meaning of “aggregate tax-EBITDA”.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/398 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-398
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.