Lee Squires and Fiona Bantock report on recent developments, including HMRC’s position on Littlewoods and pension fund management costs, the decisions in both Birmingham Hippodrome and Mercedes-Benz, and the advocate general’s opinion in K Oy, as well as forthcoming judgments to look out for.
HMRC has published Revenue & Customs Brief 20/14 explaining its position following the High Court judgment in Littlewoods.
The High Court ruled ([2014] EWHC 868 (Ch)) that the Littlewoods claimants were entitled to compound interest on VAT overpaid to HMRC between 1973 and 2004.
The brief says that HMRC does not agree with the judgment and considers it to be at odds with the requirements of European law and...
