Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 12 (2023)

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

In this week’s edition we report on proposed amendments to the Finance Bill to be discussed in the House of Commons Committee Stage. We also report on updated HMRC guidance on uncertain tax treatment by large businesses, the unallowable purpose rule and late payment interest for failure to withhold tax. We cover regulations extending VAT disclosure rules to intra-group offshore supplies and a CJEU decision on the German taxation of resident and non-resident specialised property funds.