{
  "url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-399",
  "json_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-399.json",
  "legislation": "ukpga/2010/8",
  "legislation_title": "Taxation (International and Other Provisions) Act 2010",
  "legislation_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010",
  "path": "section/399",
  "kind": "section",
  "number": "399",
  "heading": "The group ratio percentage",
  "text": "(1) For the purposes of this Part “the group ratio percentage” of a worldwide group for a period of account of the group is (subject to subsection (2)) the following proportion expressed as a percentage—\nA Bwhere—\nA is the qualifying net group-interest expense of the group for the period;\nB is the group-EBITDA of the group for the period.\n(2) “The group ratio percentage” is 100% where—\n(a) the percentage determined under subsection (1) is negative or higher than 100%, or\n(b) B in that subsection is zero.\n(3) See—\nsection 414 for the meaning of “qualifying net group-interest expense”;\nsection 416 for the meaning of “group-EBITDA”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 10: the existing Pt. 10 renumbered as Pt. 11 (except for ss. 375, 376 which are repealed), the existing ss. 372-374, 377-382 renumbered as ss. 499-507 and a new Pt. 10 (ss. 372-498) inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1, 10(1)(2)(a)(3) (with Sch. 5 paras. 27, 32-34)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/8/section/399",
    "retrieved_at": "2026-10-29T09:10:17.008829+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."
}