A First-tier Tribunal (FTT) decision that deals with the UK’s consortium relief rules and the non-discrimination article in double taxation conventions contains some positives and negatives for taxpayers.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap