Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 16 (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 a consultation on reform of the UK’s capital allowances rules. There has been an interesting case on whether the proceeds from a business sale to a connected company were subject to capital gains tax or taxable as a distribution. We also cover an opinion from the GAAR panel on employee reward arrangements, an order revoking Moscow’s status as a recognised stock exchange, and an OECD consultation on the financial services exclusion from Pillar One.