Andrew Thomson, the Head of the Firm’s U.K. Tax Practice, and George Croft have authored the United Kingdom contribution in the “Fiscalités étrangères” section of the latest edition of Fiscalité Internationale, a leading French quarterly tax publication. Their contribution covers recent developments in U.K. tax law, in particular the U.K. government’s Autumn Statement, the amendment of the energy (oil and gas) profits levy and the planned levy on electric generators. They also examine a Court of Appeal decision about whether certain expenses relating to a disposal by a holding company were capital in nature and an Upper Tribunal decision about whether various intra-group loans had an unallowable purpose and the amount of interest to be denied on pre-existing loans with increased interest rates.
Read “Fiscalités étrangères.”