The European Commission referred the United Kingdom to the European Union’s Court of Justice due to its inability to recover all illegal aid in the form of a tax break of around 100 million euros in Gibraltar.
On 19 December 2018, the European Commission decided on the corporate tax exemption system in Gibraltar, applicable from January 1, 2011 to June 30, 2013 and from January 1, 2011 to December 31, 2013, in addition to five individual interpretations issued in 2011-2013.
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