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 The Tribunal had the power to determine the rate of interest, but this has now been repealed.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
Latest Posts in "United Kingdom"
- UK VAT Threshold Debate: Growth-Boosting Increase or Revenue-Raising Decrease at Autumn Budget?
- Chancellor Proposes Raising VAT Registration Threshold to £100,000 to Boost UK Economy
- ICS2 Implementation for Northern Ireland: Transition Details and Support for Carriers by HMRC
- FTT Rules Ferrero’s Nutella Biscuits Not Partly Chocolate-Covered, Zero-Rated for VAT
- HMRC Wins Upper Tribunal Case Against Mini Umbrella Company Fraud, Tightens Compliance Rules
