Finance Bill 2022: new 'public interest business protection tax' to be introduced

Published on: 31 January 2022

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Specialist Tax Regulatory Materials

Article summary

The UK government is to introduce a new tax to counter the risk of businesses taking assets for their own benefit at the expense of energy supply businesses which depend on those assets and which, as a result, become insolvent, with the associated costs of maintaining energy supply passing to the state.

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

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