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Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 10 (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 debt instruments issued alongside warrants, whether an intra-group financing had an unallowable purpose, the VAT treatment of continuous intra-group supplies invoiced after the supplier left the group, and the AG’s opinion on whether certain aspects of the UK CFC rules constitute State Aid. We also cover HMRC’s new guidance on the 1.5% exemption and HMRC and HM Treasury’s consultation on the RIF regulations.

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