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Two weeks to 27 November 2020

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

Responding to the business impacts of COVID-19
Visit our global crisis centre webpage and our COVID-19 hub on TheSuite to continue to keep up to date with developments on this topic.  Of particular relevance to multinational companies operating in the UK, navigate the global tax, legal and economic measures in response to COVID-19 by territory here

With the end of the transition period just over a month away, make sure your business is ready for the expected changes.

BlackRock HoldCo 5 LLC v HMRC - A “just and reasonable” approach to main purposes
The First Tier Tribunal recently handed down its decision in the BlackRock case, which considered the transfer pricing and unallowable purpose rules, finding in favour of the taxpayer.  Our experts consider the case and the key takeaway aways, read more.