After 11 years of litigation, the Supreme Court has held that a claimant can make successive claims for cross-border group relief as long as they are not time barred. Simon Whitehead and Rachel Garwood review the decision and examine the implications
By Paul Radcliffe, director, EMEIA financial services, EY
The G20 has endorsed the OECD’s new global standard for automatic exchange of tax information during this weekend’s meeting in Sydney.
In its judgment on the remaining issues in the Marks and Spencer cross-border group relief claim, the Supreme Court has ruled that although the company was in principle allowed to make fresh loss claims, these are now time-barred.
UK residence: full-time abroad?
Cross-border group relief
Martin Zetter examines developments in transfer pricing from across the globe, including the US, India and France
Jayne Newton considers the OECD’s new common reporting standard
The EC has adopted two reports on VAT fraud within the EU. The first report looks at VAT collection and control procedures across the member states. It concludes that member states need to modernise their VAT administrations in order to reduce the VAT gap, which was around €193bn in 2011.
On 18 February, the Economic and Financial Affairs Council discussed the proposal for an EU-11 financial transaction tax (FTT).