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HMRC Counters Barclays Bid To Revive £800M Tax Deduction

By Josh White ( March 18, 2026, 4:41 PM GMT) -- Barclays Bank wasn't entitled to treat as a corporate tax deduction £800 million ($1 billion) of £3 billion raised issuing debt instruments in a deal with Qatar and Abu Dhabi, HM Revenue & Customs argued Wednesday, because the bank gave away certain securities as a "sweetener" for the deal....

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