‘The Court of Justice has laid to rest any speculation over enhanced cooperation on the FTT. Legally, it is 100% sound.’
Algirdas Šemeta, European Commission taxation commissioner, speaking at the ECOFIN press conference on Tuesday about the CJEU’s dismissal of the UK’s challenge to the enhanced cooperation procedure for the EU’s financial transaction tax.
‘The judgment [is] at odds with the requirements of European law and how Parliament intended VAT law to work … The guidance provided by the judgment about the availability of compound interest is neither clear enough nor sufficiently general to be applied to other High Court claims for compound interest.’
HMRC’s view set out in Revenue & Customs Brief 20/2014 which confirms that the department is appealing the Littlewoods decision [2014] EWHC 868 (Ch) on compound interest.
‘We strongly urge HMRC to think again about this aspect of its proposals as the application of the rule of law in this country is fundamental to citizens being treated properly in a civilised society. The right of access to the courts should never be denied, particularly not in the name of administrative efficiency.’
Anthony Thomas, chairman of the Low Incomes Tax Reform Group of the CIOT, commenting on the publication of HMRC’s condoc on direct recovery of debt, which does not completely allay LITRG concerns over proposals to recover tax debt directly from the bank accounts of certain debtors.
‘The Court of Justice has laid to rest any speculation over enhanced cooperation on the FTT. Legally, it is 100% sound.’
Algirdas Šemeta, European Commission taxation commissioner, speaking at the ECOFIN press conference on Tuesday about the CJEU’s dismissal of the UK’s challenge to the enhanced cooperation procedure for the EU’s financial transaction tax.
‘The judgment [is] at odds with the requirements of European law and how Parliament intended VAT law to work … The guidance provided by the judgment about the availability of compound interest is neither clear enough nor sufficiently general to be applied to other High Court claims for compound interest.’
HMRC’s view set out in Revenue & Customs Brief 20/2014 which confirms that the department is appealing the Littlewoods decision [2014] EWHC 868 (Ch) on compound interest.
‘We strongly urge HMRC to think again about this aspect of its proposals as the application of the rule of law in this country is fundamental to citizens being treated properly in a civilised society. The right of access to the courts should never be denied, particularly not in the name of administrative efficiency.’
Anthony Thomas, chairman of the Low Incomes Tax Reform Group of the CIOT, commenting on the publication of HMRC’s condoc on direct recovery of debt, which does not completely allay LITRG concerns over proposals to recover tax debt directly from the bank accounts of certain debtors.
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