{
  "url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-442",
  "json_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-442.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/442",
  "kind": "section",
  "number": "442",
  "heading": "Amounts of qualifying infrastructure company left out of account for other purposes",
  "text": "(1) This section applies where a company is a qualifying infrastructure company throughout a relevant accounting period.\n(2) In calculating—\n(a) the adjusted net group-interest expense of the worldwide group for the period of account concerned, or\n(b) the qualifying net group-interest expense of the worldwide group for the period of account concerned,\namounts that are exempt amounts of the company under section 438, or are treated as mentioned in section 440, are to be left out of account.\n(3) For the purposes of this Part the group EBITDA of the worldwide group for the period of account concerned is to be calculated as if the group did not include the company in respect of the relevant accounting period.",
  "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      "text": "Pt. 10: the existing Pt. 10 renumbered as Pt. 11 (except for ss. 375, 376 which are repealed), the existing ss. 372-374, 377-382 renumbered as ss. 499-507 and a new Pt. 10 (ss. 372-498) inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of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/442",
    "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."
}