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Fortnight to 31 May 2018

Welcome to our latest update on recent developments in international and treasury tax of interest to multinationals operating in the UK.

UK CFC State aid investigation - what next?
We're expecting the European Commission's final decision this year in relation to its investigation into the UK CFC regime. Make sure you're prepared for how this could impact your group.

UK’s MLI ratification process almost complete
The UK’s implementation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) has passed another hurdle on its way to changing many of our double tax treaties.

Taxing gains made by non-residents on UK immovable property
In the 2017 Autumn Budget, the government announced that from April 2019 UK tax will be charged on capital gains made by non-residents on direct and certain indirect disposals of all types of UK immovable property, extending existing rules that apply only to residential property.