UK HMRC has published guidance concerning the submission of corporate interest restriction returns in relation to 30% of EBITDA interest deduction restriction introduced as part of the UK Finance (No. 2) Act 2017 and effective from 1 April 2017. Groups that will be deducting more than GBP 2 million in net tax-interest and other financing costs in a year are to appoint a reporting company and send a corporate interest restriction return. If deducting GBP 2 million or less, no return is required, although documentation evidencing that the group won’t deduct more than GBP 2 million should be kept. Further,...