May 21, 2026

Tax News: May 2026

25 minutes

For this month’s edition, Gabrielle Pereira and Alex Dustan join Zoe Andrew to discuss:

Supreme Court's Gunfleet Sands decision: A restrictive ruling on capital allowances for predevelopment costs

Electricity Generator Levy: Increase from 45% to 55% from July 2026, with voluntary fixed-price contracts

Court of Appeal in Burlington : Important clarification of treaty purpose tests, with global implications for the principal purpose test

Court of Appeal in MR Currell : The purpose of a payment does not determine its legal character

VAT classification of Mega Marshmallows (Innovative Bites ): They're zero-rated food, not confectionery

Inbound redomiciliation consultation: Proposals to allow foreign companies to move their place of incorporation to the UK

...more

By Slaughter and May