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HMRC contests Littlewoods Retail

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HMRC is seeking permission to appeal the Court of Appeal judgment in Littlewoods Retail , concerning a claim for compound interest on overpaid VAT, to the Supreme Court (reported in Tax Journal, 29 May 2015 and reviewed in Tax Journal, 5 June 2015). HMRC contend that since the judgment was based on the circumstances specific to the Littlewoods claimants, it does not regard it as generally applicable and will continue to ask for a stay of other compound interest claims already lodged and refuse new claims until litigation is final.

Issue: 1268
Categories: News