The CJEU delivered judgment in the Littlewoods VAT case yesterday.
HMRC has begun issuing tax assessments against individuals who transferred their pensions into the Singaporean ROSIIP scheme during the tax year 20072008.
A short summary of the substantive measures from today’s Budget follows.
Judgment was delivered by Henderson J in the High Court on 2 March in Investment Trust Companies (“ITCs”) (In Liquidation) v The Commissioners for Her Majesty’s Revenue & Customs 2012 EWHC 458 (Ch).
Legislation was introduced in 2004 which permitted transfers of pension funds overseas if the funds were recognised as Qualifying Recognised Overseas Pension Scheme (QROPS).
HMRC has issued a briefing setting out its approach to the management of significant tax disputes (27 February 2012).
The Upper Tribunal (“UT”) has upheld the First-tier Tribunal’s (“FTT”) decision that the UK’s pre-Finance Act 2000 group relief rules were in breach of the non-discrimination article in the UKUS double tax treaty.
Like Littlewoods, Grattan relates to the recovery of overpaid VAT on the supply of goods paid by catalogue agents.
The Court of Appeal has today handed down its judgment in the long running Marks & Spencer group relief litigation.
At a hearing on 25 November 2010, the First-tier Tribunal (FTT) was asked to rule on the question of whether a number of common issues of principle arising in cross border group relief claims, which do not arise in the Marks & Spencer case, could be determined now as preliminary issues by representative claimants.