Snapshot of October’s key UK corporate tax developments from BLP’s tax team.
This edition has a strong international flavour, with publication of the final reports of the OECD’s BEPS project and the State aid decisions in relation to Fiat and Starbucks.
The impact of BEPS can also been seen in the proposed changes to the UK’s patent box regime, the details of which have been published for consultation.
The EU theme continues in the guidance on the VAT treatment of services relating to land and measures to counter the “windfall” benefit of that interest that HMRC must pay on successful restitution claims resulting from the UK tax rules being found to breach EU law.
HMRC may have more disputes on its hands after a tax tribunal decision that widens the scope for appealing certain HMRC decisions.
The ongoing saga of what happens to VAT reclaim rights when a company leaves a VAT group continues. And another tax saga nears conclusion with HMRC’s successful appeal in the Rangers EBT case.
Click below to read more about all of these developments.