On 23 December 2015, the Supreme Court granted HMRC permission to appeal against the Court of Appeal’s decision in Littlewoods v HMRC (compound interest on repaid VAT). We reported on the Court of Appeal’s judgment in our May 2015 newsletter. We do not yet know the dates of the Supreme Court hearing, but would expect the hearing to take place in Q1 of 2017 and final judgment to be handed down by around mid 2017. We will report on any developments.
This article appears in the JHA February 2016 Tax Newsletter, which also features: