We understand that at least 15 groups have filed independent actions to annul the European Commission’s decision on the UK CFC regime finance company exemption. This follows the annulment application filed by HM Treasury.
The Commission expects the UK to recover the tax from companies who benefitted from the illegal state aid provided by the UK CFC group financing exemption.
We understand that at least 15 groups have filed independent actions to annul the European Commission’s decision on the UK CFC regime finance company exemption. This follows the annulment application filed by HM Treasury.
The Commission expects the UK to recover the tax from companies who benefitted from the illegal state aid provided by the UK CFC group financing exemption.
