The General Court’s recent state aid decision and the Energy Profits Levy Bill are among the developments examined by Mike Lane and Zoe Andrews (Slaughter and May).
UK CFC case: disappointing judgment of the EU General Court
After a run of less successful cases on fiscal state aid the General Court’s judgment of 8 June 2022 (T-363/19 and T-456/19) will have been particularly welcomed by the Commission and may well encourage it to pursue other state aid investigations in particular in relation to aid schemes with renewed vigour. But there is much to criticise in the judgment which is a significant blow to the UK and to the affected groups who have benefited from the offending legislation.
The UK’s finance company exemption from the controlled foreign company (CFC) rules (in TIOPA 2010 Part 9A Chapter 9) was intended to provide certainty for taxpayers and HMRC of...
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The General Court’s recent state aid decision and the Energy Profits Levy Bill are among the developments examined by Mike Lane and Zoe Andrews (Slaughter and May).
UK CFC case: disappointing judgment of the EU General Court
After a run of less successful cases on fiscal state aid the General Court’s judgment of 8 June 2022 (T-363/19 and T-456/19) will have been particularly welcomed by the Commission and may well encourage it to pursue other state aid investigations in particular in relation to aid schemes with renewed vigour. But there is much to criticise in the judgment which is a significant blow to the UK and to the affected groups who have benefited from the offending legislation.
The UK’s finance company exemption from the controlled foreign company (CFC) rules (in TIOPA 2010 Part 9A Chapter 9) was intended to provide certainty for taxpayers and HMRC of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
