The Subsidy Control Act 2022 is the UK’s post-Brexit regime regulating all subsidies by UK public bodies. As subsidies can include tax rulings, reduced tax rates and exemptions given to specific businesses, the Act is therefore important where competing businesses appear to be subject to differing tax treatments. However, there is also real concern about enforcement, and recent cases have proven to be a disincentive to challenge decisions.
If you are not a subscriber, subscribe now to read this content.
The Subsidy Control Act 2022 is the UK’s post-Brexit regime regulating all subsidies by UK public bodies. As subsidies can include tax rulings, reduced tax rates and exemptions given to specific businesses, the Act is therefore important where competing businesses appear to be subject to differing tax treatments. However, there is also real concern about enforcement, and recent cases have proven to be a disincentive to challenge decisions.
If you are not a subscriber, subscribe now to read this content.
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
