Authors: Clare Bouwer, Sahana Keshav

UK Tax News - Issue 20 (2022)

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

In this week’s edition we report on the UK government’s decision to delay implementation of the OECD Pillar 2 proposals. We also cover cases on whether repaying a loan is an allowable cost of the disposal of shares, and on the conditions for entrepreneurs’ relief. Looking internationally, the EU General Court has dismissed appeals against the Commission finding that aspects of the pre-2019 UK CFC rules constitute state aid and HMRC has changed its guidance on taxes similar to the UK DST.