UK’s Brexit Taxation Bill requires MNEs to pay back CFC state aid

Alice Jones

December 09 2020

MNEs that accessed the tax exemption may need to pay HMRC up-front, before appeals are settled

MNEs that received tax exemptions from the UK government under controlled foreign corporation (CFC) rules between 2013 and 2018 will be obliged to pay back the tax retrospectively under measures included in the Brexit Taxation Bill.

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Alice Jones

Commercial Editor ITR

Alice is an editor of commercial content across Euromoney brands including International Tax Review (ITR), Managing IP (MIP), and International Financial Law Review (IFLR). She joined the commercial team in March 2022 after working as a journalist for ITR.

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