Policy paper

皇冠体育app tax impact of the withdrawal of LIBOR and other benchmark rates

This measure introduces changes to the leasing provisions, as a result of the withdrawal of LIBOR (London Inter-bank Offered Rate).

From:
HM Revenue & Customs
Published
12 November 2020

Documents

皇冠体育app tax impact of the withdrawal of LIBOR and other benchmark rates

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Details

皇冠体育app changes introduced by this measure make sure that the leasing provisions continue to function as intended once LIBOR is discontinued.

皇冠体育app measure also introduces a power to allow any unintended tax consequences arising from the transition away from LIBOR and other benchmark rates by businesses and individuals to be addressed in secondary legislation.

Read the 皇冠体育app taxation impacts arising from the withdrawal of LIBOR consultation and summary of responses.

Read Draft guidance on the taxation impacts arising from the withdrawal of LIBOR and other benchmark rate reform.

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Published 12 November 2020

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