HMRC has published a consultation on the restriction of corporate interest which is due to close on 14 January 2016.

This initiative was inspired by the Organization for Economic Cooperation and Development's (OECD) Base Erosion Profit Shifting (BEPS) in order to consider way to prevent "significant planning opportunities [that] can arise from both external and intra-group interest expenses". This initiative is aim at preventing artificial transactions not bona fide commercial transactions.