The worldwide debt cap (WWDC) rules in Part 7, TIOPA 2010 are being changed where a revised statement of allocated disallowances is submitted on or after 15 March 2023.
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The changes mean that where a revised statement of allocated disallowances is submitted (for example on closure of an enquiry into a company tax return) this will only be treated as valid where a valid revised statement of allocated exemptions is also submitted.
The worldwide debt cap (WWDC) rules in Part 7, TIOPA 2010 are being changed where a revised statement of allocated disallowances is submitted on or after 15 March 2023.
PDF, 100 KB, 2 pages
This file may not be suitable for users of assistive technology.
If you use assistive technology (such as a screen reader) and need a
version of this document in a more accessible format, please email different.format@hmrc.gov.uk.
Please tell us what format you need. It will help us if you say what assistive technology you use.
The changes mean that where a revised statement of allocated disallowances is submitted (for example on closure of an enquiry into a company tax return) this will only be treated as valid where a valid revised statement of allocated exemptions is also submitted.
