Certainty in uncertain times
The Government launched the ‘Advance tax certainty for major projects consultation’ on 26 March 2025. Building upon the existing framework for obtaining tax certainty, the new process – which the Government intends to implement in 2026 – aims to offer greater certainty regarding the UK tax treatment of specific, material aspects of ‘major’ projects for corporates. The consultation document outlines the Government’s proposals for taxpayer and project qualifying criteria, scope of the clearance and administrative aspects. Notwithstanding the greater degree of certainty that may result from the new process, eligible taxpayers will still need to consider whether a clearance is appropriate to their circumstances.
*This article first appeared in the 23 May 2025 issue of Tax Journal.
Contributor(s)
Senior Knowledge & Practice Development Lawyer
More from the Weil Tax Blog
Copyright © 2025 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Boston, Brussels, Dallas, Frankfurt, Hong Kong, Houston, London, Los Angeles, Miami, Munich, New York, Paris, San Francisco, Silicon Valley and Washington, D.C.