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The Slaughter and May Horizon Scanning podcast explores the risks and opportunities businesses face. Join us as experts from across the firm dissect the landscape through 5 critical themes - Capital Flows, Governance & Sustainability, Energy Transition, Digital, and Crisis Management. Gain valuable insights, stay ahead of the curve, and navigate the evolving horizon with us.
Episodes
Wednesday Aug 28, 2024
Wednesday Aug 28, 2024
Join Tanja Velling, co-host of our Tax News podcast and Tax Partners, Dominic Robertson and Charles Osborne, as they discuss the unallowable purpose rule, one of the UK's restrictions on companies deducting interest when calculating profits subject to corporation tax.
This episode dives into:
- How this rule disallows interest deductions where a company’s borrowing is for a main tax avoidance purpose; and
- recent Court of Appeal decisions on what constitutes a main tax avoidance purpose and what this means for taxpayers, particularly in an M&A context.