Aozora GMAC Investment Ltd v Revenue and Customs Comrs

Subject Matter

REVENUE — Corporation tax — Double taxation relief — United Kingdom registered company making loan to United States subsidiary — US company withholding US tax from interest payments on loan — US tax authorities refusing UK company's request to benefit from double taxation convention under limitation on benefits provision on basis not "qualified person" — UK company submitting corporation tax return including claims for unilateral relief against UK tax due on interest payments on loan — Whether entitled to claim relief– Income and Corporation Taxes Act 1988, ss 790, 793A(3) – Double Taxation Relief (Taxes on Income) (The United States of America) Order 2002, SI 2002/2848, Schedule, Pt I, art 23

[2022] UKUT 258 (TCC); [2022] STC 1816, UT

Appellate History

Legislation Considered

Statutes

Income and Corporation Taxes Act 1988 (c 1), ss 790, 793A(3)

Statutory Instruments

Double Taxation Relief (Taxes on Income) (The United States of America) Order 2002 (SI 2002/2848), Sch, Pt I, art 23

Cases Considered

Cases considered in: Aozora GMAC Investment Ltd v Revenue and Customs Comrs [2022] UKUT 258 (TCC); [2022] STC 1816, UT

Cases Cited

Cases cited in: Aozora GMAC Investment Ltd v Revenue and Customs Comrs [2022] UKUT 258 (TCC); [2022] STC 1816, UT

Black-Clawson International Ltd v Papierwerke Waldhof-Aschaffenburg AG [1975] AC 591; [1975] 2 WLR 513; [1975] 1 All ER 810; [1975] 2 Lloyd's Rep 11, HL(E)

Boake Allen Ltd v Revenue and Customs Comrs [2007] UKHL 25; [2007] 1 WLR 1386; [2007] 3 All ER 605; [2007] STC 1265, HL(E)

Pepper v Hart [1993] AC 593; [1992] 3 WLR 1032; [1993] ICR 291; [1993] 1 All ER 42; [1992] STC 898; 65 TC 421, HL(E)

R (Aozora GMAC Investment Ltd) v Revenue and Customs Comrs [2019] EWCA Civ 1643; [2020] 1 All ER 803; [2019] STC 2486, CA

R (Project for the Registration of Children as British Citizens) v Secretary of State for the Home Department [2022] UKSC 3; [2023] AC 255; [2022] 2 WLR 343; [2022] 4 All ER 95; [2022] INLR 189; [2022] WLR(D) 65, SC(E)

R v Secretary of State for the Environment, Transport and the Regions, Ex p Spath Holme Ltd [2001] 2 AC 349; [2000] 3 WLR 141; [2000] 1 All ER 884, CA

Revenue and Customs Comrs v Anson [2015] UKSC 44; [2015] 4 All ER 288; [2015] STC 1777; [2015] CN 1112; Case details, SC(E)

Rossendale Borough Council v Hurstwood Properties (A) Ltd [2021] UKSC 16; [2022] AC 690; [2021] 2 WLR 1125; [2022] 2 All ER 113; [2022] 1 All ER (Comm) 253; [2021] 2 BCLC 199; [2021] WLR(D) 286, SC(E)

Commentary

RPC Perspectives
Tribunal allows unilateral credit for US withholding tax even though no treaty relief available due to 'limitation on benefits' article Case comment