EU General Court dismisses UK’s appeal against CFC rules state aid decision

Published on: 09 June 2022

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Specialist Tax Regulatory Materials

Article summary

The General Court of the European Union has dismissed the UK’s appeal (heard jointly with ITV’s appeal) against the European Commission's 2019 decision that the finance company exemption in the UK's CFC rules (as it stood prior to 1 January 2019) was unlawful State aid where the relevant financing income of the CFC was derived from UK activities.

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and European Union

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