We’re aware that HMRC is writing to taxpayers to inform them that new rules were introduced in 2017 in respect of hybrids, corporate interest restriction and corporate losses.
It's nothing to be alarmed about, as it doesn't imply your affairs are being particularly scrutinised, but it does show that HMRC are expecting groups to be on top of these rules and comply with them.
Now’s the time to consider whether there’s anything you need to do to ensure that’s the case.
If you have any queries, please speak with your usual PwC adviser.
