Helen Lethaby provides your regular update, which this month includes coverage of developments concerning the FII group litigation, unauthorised unit trusts and the decision in Santander.
Remedies
May saw the release of the latest instalment in the FII Group Litigation case ([2012] UKSC 19). The judgment of the Supreme Court (a full sitting of seven law lords) was concerned solely with the nature of remedies available to UK taxpayers who had paid UK tax under domestic provisions which had subsequently been found to be incompatible with EU law and the validity of UK statutory restrictions limiting the periods in which claims for those remedies may be brought – the sort of dry esoteric points that may make the general tax practitioner wish to switch...
