Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 11 (2025)

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

In this week’s edition, we report on interesting cases on the tax treatment of distributions paid out of the share premium of a Jersey company and a judicial review decision on HMRC’s refusal to extend time limits for a NTLRD claim. We cover HMRC’s publication of new guidance on the unallowable purpose rule and updates to its CEST tool. We also cover the FTT’s practice statement on ADR. Finally, we report on the publication of updated consolidated commentary on the Pillar Two model rules.