In Littlewoods Retail Ltd v HMRC (No 2) (Ch D – 20 May), several retail companies claimed a repayment of VAT on the basis that commission which they paid to agents should have been treated as a discount.
VAT: Whether interest may be Compounded
In Littlewoods Retail Ltd v HMRC (No 2) (Ch D – 20 May) several retail companies claimed a repayment of VAT on the basis that commission which they paid to agents should have been treated as a discount.
Customs accepted the claims in principle (while disputing the amounts of the claims) and made repayments with interest under VATA 1994 s 78. The companies took proceedings in the QB contending that the effect of the HL decision in CIR v Sempra Metals Ltd [2007] STC 1559 was they should be entitled to compound interest and that VATA 1994...
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In Littlewoods Retail Ltd v HMRC (No 2) (Ch D – 20 May), several retail companies claimed a repayment of VAT on the basis that commission which they paid to agents should have been treated as a discount.
VAT: Whether interest may be Compounded
In Littlewoods Retail Ltd v HMRC (No 2) (Ch D – 20 May) several retail companies claimed a repayment of VAT on the basis that commission which they paid to agents should have been treated as a discount.
Customs accepted the claims in principle (while disputing the amounts of the claims) and made repayments with interest under VATA 1994 s 78. The companies took proceedings in the QB contending that the effect of the HL decision in CIR v Sempra Metals Ltd [2007] STC 1559 was they should be entitled to compound interest and that VATA 1994...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
