Corporation tax: Group relief: freedom of establishment | Practical Law

Corporation tax: Group relief: freedom of establishment | Practical Law

The European Court of Justice has held that the UK group relief system is contrary to EC law in so far as it does not permit losses of group members established in other EU member states to be offset against profits of UK group members for corporation tax purposes.

Corporation tax: Group relief: freedom of establishment

Practical Law UK Legal Update 7-201-9056 (Approx. 3 pages)

Corporation tax: Group relief: freedom of establishment

by Norton Rose
Published on 30 Jan 2006European Union, United Kingdom
The European Court of Justice has held that the UK group relief system is contrary to EC law in so far as it does not permit losses of group members established in other EU member states to be offset against profits of UK group members for corporation tax purposes.