Section 399 | The group ratio percentage ^F1

From legislation.gov.uk

16 November 2017

(1)For the purposes of this Part “the group ratio percentage” of a worldwide group for a period of account of the group is (subject to subsection (2)) the following proportion expressed as a percentage—^F1

Formula

\frac{A}{B}

where—

A is the qualifying net group-interest expense of the group for the period;

B is the group-EBITDA of the group for the period.

(2)“The group ratio percentage” is 100% where—^F1

(a)the percentage determined under subsection (1) is negative or higher than 100%, or^F1

(b)B in that subsection is zero.^F1

(3)See—^F1

section 414 for the meaning of “qualifying net group-interest expense”;

section 416 for the meaning of “group-EBITDA”.