Eithne Bloice-Sanders

On 5 March 2025, the Government launched a consultation regarding the potential form of a new tax mechanism in times of “unusually high” oil and gas prices entitled Oil and Gas Price Mechanism (the “New Mechanism”). This New Mechanism is framed as a replacement for the Energy Profits Levy (“EPL”). The EPL was introduced in

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Welcome to the latest edition of the UK Tax Digest, a round-up of tax news from the past few months and a look at what’s to come in the corporate tax world for 2025.   The big event of 2024 for UK tax practitioners was the delivery of the highly anticipated Autumn Budget by Chancellor

The post UK Tax Digest appeared first on Weil Tax BLOG.

In JTI Acquisition Company (2011) Limited (“JTI”) v The Commissioners for His Majesty’s Revenue & Customs (“HMRC”) [2024] EWCA Civ 652, the Court of Appeal was asked whether JTI, a UK tax resident company, could bring into account debits in respect of interest payable on loan notes issued to a US group company for UK

The post Face the Facts: another loan fails the unallowable purpose test appeared first on Weil Tax BLOG.