On 31 July 2013, DG Competition opened a formal state aid investigation into several reliefs available from the UK aggregates levy. With Revenue & Customs Brief 27/13 announcing the suspension of those reliefs, the wider implications for direct tax given BEPS are worrying, write Peter Cussons and Jonathan Main.
Revenue & Customs Brief 27/13 issued on Friday 13 September 2013 announces that HMRC is to suspend certain reliefs from the aggregates levy while the Commission’s formal state aid investigation into the legality of these reliefs takes place.
This supplements and supersedes HMRC’s earlier brief (24/13) in which HMRC said there would be no suspension of the reliefs.
The brief refers to the Commission’s 31 July...
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