Market leading insight for tax experts
View online issue

Tax and the City review for May 2024

Speed read
The Court of Appeal in BlackRock decides in favour of the taxpayer on transfer pricing, but HMRC wins on unallowable purpose. In Hargreaves Property, the Court of Appeal decides the interest on short but recurring loans is yearly interest and subject to withholding tax but takes a broader view of beneficial entitlement than the Upper Tribunal. HMRC updates its stamp taxes on shares guidance on the meaning of capital-raising arrangements and its capital gains guidance on share exchange clearances. The OECD publishes its promised consolidated version of the commentary on the GloBE model rules incorporating the three sets of administrative guidance released by the end of 2023.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.