Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 26 (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 an interesting case on whether treaty relief from UK withholding tax was available to an Irish taxpayer in respect of debt acquired from a Cayman company, or whether such relief was denied by the “treaty shopping” anti-avoidance provision. We have also covered the signing of the UK-Guernsey memorandum of understanding on the Mutual Agreement arbitration procedure.