UK taxpayers should amend open returns to benefit from High Court Prudential ruling
Originally printed in International Tax Review Premium on 31 October 2013
UK tax payers will need to amend any open returns to show foreign portfolio income as carrying a tax credit following the England and Wales High Court’s ruling in the Prudential case last week.
Nicola Hine, of Joseph Hage Aaronson, the firm acting for the claimants in the case, explains why the judgment should be welcomed by tax payers with claims for interest on overpaid tax.
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