Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 24 (2022)

UK Tax News is a round-up of recent UK tax developments relevant to large businesses.

In this week’s edition we report on cases on whether interest on an intra-group financing to fund an acquisition was deductible for UK tax purposes, whether a scheme to obtain enhanced capital allowances was ineffective as a result of Ramsay, and whether a lump sum paid on a change to pension rights was taxable as employment income. We have also covered the GAAR panel’s opinion on a participator loan scheme. Finally, we have reported on the Treasury Committee’s inquiry on tax reliefs.