Insights

ITC v HMRC: Decision on Permission to Appeal

July 1, 2015

The Supreme Court has today granted permission to appeal the Court of Appeal judgment in Investment Trust Companies (in liquidation) v Commissioners for HMRC. As discussed in our March 2015 newsletter, the Court of Appeal had previously found that investment trust companies could recover some unlawfully paid VAT from HMRC. A hearing of the ITC case in the Supreme Court should be expected in late 2016 with judgment in early 2017.

This article appears in the JHA July 2015 Tax Newsletter, which also features:

  1. Summer Budget 2015 by Katy Howard
  2. Supreme Court judgment in Rank: VAT on Gaming Machines by Katy Howard
  3. Anson v HMRC – Double Taxation Relief by Christopher Boughton