Finance Bill 2009: loan relationships, derivative contracts and interest

Comments are invited on the draft guidance, to go into the Corporate Finance Manual, on the foreign exchange anti-avoidance provisions inserted into CTA 2009 by Schedule 21 of Finance Act 2009. Please send comments to Sue Davies.

Issued 14 August 2009.

Schedule 20 to Finance Act 2009 amends the loan relationships rules for connected companies relating to late payments of interest. A revised version of the guidance published on 12 May 2009 is now being issued. This guidance will be incorporated in due course in HM Revenue & Custom’s Corporate Finance Manual.

Issued 6 August 2009.

HMRC's Corporate Finance Manual is to be amended to include guidance on the changes to the loan relationships rules for connected companies relating to late payments of interest, set out in Schedule 20 to the Finance Bill 2009. Comments on the draft guidance should be sent to Tony Sadler.

Issued 12 May 2009.

Comments are invited on this draft guidance on payments representing interest made by the Financial Services Compensation Scheme by 30 June 2009. Comments should be sent to Lesley Hamilton.

Issued 7 May 2009.

Comments are invited on an amended version of the draft legislation on changes to the loan relationships rules for connected companies relating to late payments of interest, and releases of trade debts.

Issued 19 March 2009.

Comments are invited by 16 January 2009 on changes to the loan relationships rules for connected companies relating to late payments of interest, and releases of trade debts.

Issued 11 December 2008.