HMRC consults on changes to income tax rules for interest (detailed update) | Practical Law
HMRC launched a consultation on changes to the income tax rules for interest, including repealing the quoted eurobond exemption for intra-group issues and the concept of "yearly" interest, extending the "disguised interest" anti-avoidance rules to income tax, and requiring payers of interest in the form of funding bonds to account for withholding tax on those bonds in cash, on 27 March 2012.