On 21 July 2016, UK HM Treasury published a number of government amendments in the report stage of Finance Bill 2016. The main amendments concern hybrid and other mismatches, and the General Anti-Abuse Rule.
Amendments 1 to 131 to Clause 65: Hybrid and other mismatches
The key changes include:
- Amendments in relation to mismatches involving permanent establishments (PEs), which clarify the interaction between the hybrid mismatch rules and the existing UK foreign PE exemption rules;
- Amendme…