The House of Lords reviews the proposals for notification by large businesses of uncertain tax treatment and the change to basis periods for income tax. The government postpones until 2024 the proposed move from the current year basis of taxation to a tax year basis and to end overlap relief. Almacantar serves as yet another reminder of the need to comply strictly with contractual notice provisions and highlights the difficulties of relying on estoppel to make up for failure to serve notice of a claim. Draft legislation for the new economic crime levy to be paid by entities subject to the money laundering regulations favours simplicity in its design rather than being tailored to particular money laundering risk of individual sectors. In recent state aid developments the CJEU concludes that the tax exemptions granted by the Belgian tax authority to multinational companies by way of rulings is an aid...
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The House of Lords reviews the proposals for notification by large businesses of uncertain tax treatment and the change to basis periods for income tax. The government postpones until 2024 the proposed move from the current year basis of taxation to a tax year basis and to end overlap relief. Almacantar serves as yet another reminder of the need to comply strictly with contractual notice provisions and highlights the difficulties of relying on estoppel to make up for failure to serve notice of a claim. Draft legislation for the new economic crime levy to be paid by entities subject to the money laundering regulations favours simplicity in its design rather than being tailored to particular money laundering risk of individual sectors. In recent state aid developments the CJEU concludes that the tax exemptions granted by the Belgian tax authority to multinational companies by way of rulings is an aid...
If you are not a subscriber, subscribe now to read this content.
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