George Croft is an associate in Sullivan & Cromwell’s London office advising on general U.K. corporate tax matters, in particular the tax aspects of M&A, capital markets and banking transactions.
George CROFT
Associate, Sullivan & Cromwell LLP
Associate, Sullivan & Cromwell LLP
George Croft is an associate in Sullivan & Cromwell’s London office advising on general U.K. corporate tax matters, in particular the tax aspects of M&A, capital markets and banking transactions.
Royaume-Uni - Carbon Border Adjustment Mechanism - The UK government plans to introduce a carbon border adjustment mechanism.
HMRC / DESNZ, Addressing carbon leakage risk to support decarbonisation: Summary of consultation responses and government response, 18 December 2023
Royaume-Uni - Deductions for penal payments - Upper Tribunal denies deductions for compensatory payments and donations made pursuant to a settlement agreement with regulatory authority.
ScottishPower (SCPL) Ltd and others v HMRC [2023] UKUT 218 (TCC), 5 September 2023
Royaume-Uni - Tax avoidance - HMRC has published draft legislation imposing new penalties on promoters of tax avoidance.
HMRC, Tougher consequences for promoters of tax avoidance: closed consultation, 27 April to 22 June 2023. - Summary of responses and draft legislation, 18 July 2023
Royaume-Uni - EU law - The Court of Appeal has held that a limitation on the surrender of losses within a group that applied only to permanent establishments of non-UK-resident companies is compatible with the EU principle of freedom of establishment.
VolkerRail Plant Ltd and others v HMRC [2023] EWCA Civ 210, 1 March 2023
Royaume-Uni - Loan relationships - Unallowable purpose of intragroup loans - The Upper Tribunal has upheld a decision of the First-tier Tribunal in holding that various intra-group loans in the Kwik-Fit group had an unallowable purpose and limiting the amount of interest denied on pre-existing loans to the amount by which the interest rate was increased.
Kwik-Fit Group Ltd and others v HMRC [2022] UKUT 314 (TCC), 25 November 2022
Royaume-Uni - HMRC opposition to restructuring plan - The High Court sanctioned the restructuring plan of Houst Ltd, despite the opposition from HMRC as one of the major creditors.
Re Houst Ltd [2022] EWHC 1941 (Ch), 22 juill. 2022