Taxes Consolidation Act 1997 section 835AAF

Reporting

Section 835AAF sets out the reporting requirements for companies subject to the interest limitation rule.

• A company must file a return in the Revenue-prescribed format (Form CT1) by the specified return date for the accounting period, including details such as EBITDA, exceeding borrowing costs, spare capacity figures, and carried-forward amounts.
• A company that is a member of an interest group provides abridged information in its own return, as the designated reporting company reports the group-level figures including EBITDA, the allowable amount, and the disallowable amount.
• A standalone entity is not required to report the components of the interest limitation rule calculation and need only indicate its standalone status.
• Where the de minimis exemption or the equity ratio exemption applies, reporting of the interest limitation rule components is optional, though a company may choose to report attributes it wishes to carry forward.