UK HMRC has published draft guidance for comment on the new corporate interest restriction, which  limits the amount of interest and other financing amounts that a company may deduct in computing its profits for Corporation Tax purposes using a recommended fixed ratio rule (30% of EBITDA) or an optional group ratio rule ({News-2017-03-10/P/3- previous coverage}). The restriction is included in the Finance Bill 2017, and although the Bill has not yet been passed, the restriction is to apply from 1 April 2017. Click the following link for the draft guidance, which is the first tranche, with further guidance to be published...