This case involves a group of companies providing leisure services, including Butlins, and their disputes with HMRC over VAT. HMRC paid £9.3m in interest, but the taxpayer claimed an additional £8.2m under s84(8) of VATA 1994. HMRC argued against it, stating that no additional interest is due or that it should be at the conventional rate. The Tribunal had the power to determine the rate of interest, but this has now been repealed.
Source KPMG
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