The U.K. government has published the draft Finance Bill 2018-2019 for consultation. Some of the main measures of the Bill are as follows:
Changes to the Corporate Interest Restriction Rules
Technical amendments are made to the Corporate Interest Restriction (CIR) rules to ensure the regime works as intended.
Changes to the Reform of Loss Relief Rules
Amendments are made to the reformed loss relief rules to correct a defect in the legislation that may lead to excessive relief being all…