Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 9 (2024)

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

In this week’s edition, we report on some interesting cases on the tax treatment of distributions paid out of the share premium of a Jersey company, the availability of SEIS relief, and whether certain arrangements put in place in lieu of a payment under an indemnity constituted a remittance of foreign gains. We have also covered the government’s decision to introduce an anti-abuse rule in relation to the Pillar 2 transitional Country-by-Country Reporting safe harbour.