Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 20 (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 publication of the Finance (No.2) Act 2023. We have covered some interesting cases on the tax treatment of a payment for a transfer of assets between connected parties and on the recoverability of input VAT on fees incurred for professional services on a share sale. We have also covered the OECD’s publication of the Pillar 2 Subject to Tax Rule, second set of administrative guidance under Pillar 2, and public consultation on Amount B under Pillar 1.